Well if you want to get technical about it, we've had government subsidized home loans in this country ever since the 1930s. So what they're doing now isn't much different than what they've always done, it's just ramped up and more intrusive and more obvious given the publicity of their failure.
Btw, I was just reading the Bloomberg wire and noticed that the Freddie Mac acting CFO, who has been with them since 1992, was found dead at his home from a possible suicide. The suspected reason is dodgy accounting methods since there's a DOJ and FBI investigation ongoing, and the acting CFO was also the Comptroller in charge of the accounting department before his latest promotion. Anyway, just more fodder for the fraudulent times we're living in when the criminals took over the mortgage lending industry in this country, from people who lied on their applications all the way up the line to the senior officers of Freddie Mac and Fannie Mae, not to mention the criminals of Wall Street who are still at the helm of their failed businesses that are getting bailed out with taxpayer money.
