The “Real” Real Estate Scam
Posted on 11. Apr, 2011 by Patrick Precourt in Business, Industry Changes, Investment, Real Estate
(1 votes, average: 4.00 out of 5)Who is ripping off who?
Two massive government run, government funded entities with a history of abuse, mismanagement and alleged fraudulent bookkeeping have an open check book to continue funding the failing conglomerates. Worse than that you and I are paying their top executes tens of millions of dollars in annual bonuses as these executives continue leading FAILING conglomerates and fleecing our pockets. Do you think Fannie Mae and Freddie Mac should be should be shut down? And do you think the executives should continue receiving MILLIONS in performance bounces even when they don’t perform?
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The “Real” Real Estate Scam | Flipping Houses Today.com
11. Apr, 2011
[...] continue receiving MILLIONS in performance bounces even when they don’t perform?View full post on Friday Coffee Break [...]
Henry
15. Apr, 2011
Pat, right is right and these guys are not! It time for them to go. Great job !!
Henry
Brad
27. Apr, 2011
Yes – it is a good thing that Fanny and Freddy should go away. In addition to an open taxpayer funded checkbook and unjustified bonuses, both institutions have been subjected to political manipulation by Congress (both parties) in the name of some political opportunistic reason, e.g. making housing affordable for more people.