Wall Street Traders Rip Off Fannie Mae And Freddie Mac Via Swaps?VW Staff
A Reuters report says Wall Street traders may be guilty of front-running Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie / Federal Home Loan Mortgage Corp (OTCBB:FMCC) while executing the massive interest swap orders placed by the housing mortgage giants.
Reuters reviewed an FBI Intelligence Bulletin that says an employee at a US bank, and another at a Canadian bank blew the whistle on the . . .
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