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Government

Submission + - Freddie Mac Betting Against Struggling Homeowners (npr.org)

AndyAndyAndyAndy writes: "Freddie Mac, a taxpayer-owned mortgage company, is supposed to make homeownership easier. One thing that makes owning a home more affordable is getting a cheaper mortgage.

But Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica."

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The means-and-ends moralists, or non-doers, always end up on their ends without any means. -- Saul Alinsky

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