William Greider Says Fannie Mae and Freddie Mac Illed Public
William Greider is former Washington Post journalist who also worked for The Rolling Stones magazine. At present time, William Greider is a national affairs correspondent for weekly liberal periodical The Nation.
According to William Greider, banks were deceiving American public for twenty years with phony assurances and valuations. As result, home owners have been screwed in the ass by Fannie Mae and Freddie Mac and both liberals and conservatives are now stepping in to set the mess atide.
If what William Greider is saying is right, then it means that politicians were feeding everyone with talk about free market and used it to camouflage their scam schemes. In other words, the rules and regulations have been changed to allow for the Wall street bankers to go ahead with their fraud.
