Jan. 28 (Bloomberg) — Graham Fisher Managing Director Josh Rosner discusses Fannie Mae and Freddie Mac allowing one-time borrowers to walk away from homes. He speaks on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)
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Yes, property is underwater. What’s worse than zero credibility? A press agent with a title, and an image, dispensing entertainment and propaganda with a mission. Cartoon people, like Josh, are dispatched with commentary that is spectacularly unreal, substance of value is purposefully withheld but with enough objectivity to mask any possible conclusion the product is garbage and cynical deception. A human rights holocaust is re-written as a benign social phenomena, sure, a mistake or two was made. But it was just business as usual, indifference to victims isn’t even necessary, for the damage to them is rendered invisible and never acknowledged, and if anything, they might be otherwise deserving of fate or guilty.
It appears Freddie and Fannie are promoting people to move out of houses Freddie and Fannie dont own.
http://s355160796.onlinehome.us/2012/06/19/welcome-to-freddie-and-fannie%E2%80%99s-mortgage-shell-game/print/