Friday, December 16, 2011

Busy Day For The Duck

Fannie Mae and Freddie Mac exec.'s have been sued for their malfeasance in regard to sub-prime loans. Sub-prime loans are what caused your house value to fall at an astronomical rate. You should be happy about this. We are. What exactly did they do? Basically, they lied about BILLIONs of dollars held as sub-prime loans. No biggie.

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