Results tagged “stockexchange”

Meanwhile, over on the New York Attorney General's site, Andrew Cuomo is impersonating a pitbull, if pitbulls knew how to file subpoenas:

“In order to fulfill their duty to consumers and investors, Fannie Mae and Freddie Mac must ensure that Washington Mutual’s mortgages have not been corrupted by inflated appraisals,” said Attorney General Cuomo. “Our expanding investigation into the mortgage industry has uncovered that Washington Mutual improperly pressured appraisers to provide inflated values that best served the lender’s interest. Knowing this, Fannie Mae and Freddie Mac cannot afford to continue buying Washington Mutual mortgages unless they are sure these loans are based on reliable and independent appraisals.”

You know those radio ads? The ones with the excruciatingly earnest song: