The Mortage Meltdown: Interest Rate ‘Freeze’ – The Real Story is Fraud

The San Francisco Chronicle has a piece today on the “Mortage Meltdown.” The gist is that the “freeze,” proposed by Treasury Secretary Henry Paulson, isn’t really a fix to help working families keep their homes, but a fraud, instituted to “prevent owners of mortgage-backed securities, many of them foreigners, from suing … Continue reading