Yesterday, we had a piece in Minyanville bringing attention to a story that has been covered in few other places: Fannie Mae purchased mortgage servicing rights from Bank of America without any disclosure, and it smells like a bailout. Here is the story, and below is a video from RT last night talking about it.
See “Did Fannie Mae Bailout of Bank of America?” for more details, and our comments on the blog on the story yesterday here.