I am on this Short Sale Lawyer's email list. He has exposed some AMAZING things. I got this in my email today. It's disgusting.
http://www.californiashortsalelawyer.com/2012/01/freddiebet/
"Imagine if you had access to an investment vehicle allowing you to bet that Freddie Mac’s efforts to refinance its toxic portfolio would fail? The only investment opportunity that would equal this in the past 20 years would be those that allowed investors to bet against Freddie Mac before the housing crisis.
Well, such a product does exist. Shockingly, this genius product is the brainchild of Freddie Mac’s business unit, the authors of the 2008 housing crisis. Known as “inverse floaters”, the business unit has invested billions that its loan refinances will fail."
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