Freddie Mac Wins if Americans Suffer

How perverted is that?

The mortgage giant, Freddie Mac, bailed out by U.S. taxpayers, has placed billion-dollar bets that American homeowners will stay trapped in expensive mortgages with interest rates well above current rates .. "The trades are .. highlighting a conflict of interest at the heart of the company. In addition to being an instrument of government policy dedicated to making home loans more accessible, Freddie also has giant investment portfolios and could lose substantial amounts of money if too many borrowers refinance."

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