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The largest transfer of wealth from the public to private sector is about to begin. The federal government will be bulk-selling the massive portfolio of foreclosed homes now owned by HUD, Fannie Mae and Freddie Mac to private investors — vulture funds.

Congress Giving Millions of Foreclosed Homes To Wall Street Slumlords

This should be kind of big news on the outrage front, shouldn’t it?

(via kenlayne)

Source: wonkette.com
Notes: 161 8/24/11 — 6:04pm Short URL: http://tmblr.co/ZTrtay8jNsI7
 
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    Why isn’t this being publicized anywhere? The devolution will not be televised. In other news you will soon be able to...
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