Ohio Attorney General to Sue Freddie Mac
Why is it that only shareholders and pension funds are important?Why is it ok to defraud consumers and to divert their pay checks to the credit bureaus selling incorrect and incomplete credit reports and to the creditors who provide fraudulent billing?
Why has Consumerinfo.com been allowed to sell these crappy overpriced reports for years and years?
WHY? Ohio Attorney General to Sue Freddie Mac:
"Petro said in a press release that Freddie Mac, the No. 2 U.S. mortgage finance company, used "deliberately misleading accounting practices."
Mark Gribben, a spokesman for Petro, said the lawsuit will be filed later Friday in U.S. District Court in Cincinnati. He said the two Ohio pension funds covering teachers and general state employees lost an estimated $25 million between 2001 and July 2003, as Freddie Mac's stock lost about $20 per share."
Posted by Christine on 08/09/2003 at 02:06 PM
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