A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
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January 30, 2012
Part of Newt's housing advice?
Turns out Freddie Mac is betting that many underwater homeowners will lose their homes, and that it started increasing securities trades toward this end in the middle of the recession, running counter to its mission to boost affordable housing AND the general needs of the economy. And, it's made refinancing almost impossible to get. Even if the trading division didn't get work by the "main division" coordinated, it still smells to high heaven. And, so does the oversight that won't let even the president take much action.
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