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  • Writer's pictureJesse Ledbetter

Fannie Mae's latest attack on home owners.

Reader's of would do well to give your attention to the well written article by Jeremy Baggott on

"But while no one was looking, the twins – who wield the full faith and credit of the U.S. government – began quietly offloading this surplus risk in the form of so-called “credit-risk transfers.” The U.S. taxpayer should be worried. As the public learned in 2008 with AIG’s credit-default swaps, hidden risk injected into the financial system doesn’t stay hidden for long."

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