Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates.No word yet from Rahm Emanuel on this one.
Freddie began increasing these bets dramatically in late 2010, the same time that the company was making it harder for homeowners to get out of such high-interest mortgages.
Monday, January 30, 2012
Freddie Mac Bets Against American Homeowners
Pro Publica reports:
