Final details of the plan are still being worked out after the American Securitization Forum, a trade group that represents large mortgage investors, presented its framework for implementing a broad rate freeze
a trade group that represents large mortgage investors
represents large mortgage investors
large mortgage investors
FB's are truly F'd if they opt for this "bailout". Anyone dumb enough to take it will find that all it does is force them to pay up for an overpriced non-asset in a declining market.
So our government is puppeteered by large mortgage investors. This is all straight out of an Ayn Rand novel… except where is the secret society all the smart and outraged people flee to?
