Tuesday, October 12, 2010

An Interesting Turn of Events

Today Fannie and Freddie took a bold move. They are holding the major banks accountable. According to the Washington Post "Fannie and Freddie have threatened to penalize thousands of lenders if they fail to rapidly fix the way they seize the homes of borrowers who missed their payments, according to letters sent by the firms to lenders".

The interesting thing is this IS the free market checks and balances WORKING. Who else has the clout and power to take on the corrupt banking industry.

Hats off to Fannie and Freddie.

Put those Ethics in!