AP IMPACT: Mortgage firm arranged stealth campaign (AP)

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Hollis McLoughlin, an executive of Freddie Mac, watches a Washington Capitals hockey game Saturday, Oct. 11, 2008, in Washington. Freddie Mac secretly paid DCI, a Washington-based Republican consulting firm, $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.  (AP Photo/Luis M. Alvarez)AP - Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.


--- AP ...



categoriaPersonal Finance commentoNo Comments dataOctober 20th, 2008

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  • US drops plans to purchase toxic mortgage assets (AFP)