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Fraudulent Lending

Property Rights Gone Wrong

Dylan Ratigan | Posted 05.25.2011 | Politics
Dylan Ratigan

Banks profited by packaging and selling those toxic home loans. Then they profited again by betting against those same securities. A bet, in essence, that a fraudulent loan wouldn't be paid back. But why would politicians allow this?

Freddie Mac Rejects New York Governor's Subprime Fight

Dealbreaker | John Carney | Posted 05.25.2011 | Business

Freddie Mac dealt a blow to New York governor David Patterson's plans to ease mortgage stress in the state. Last week Patterson went to Queens, one of...