Another Hidden Bailout: Helping Wall Street Collect Your Rent | Matt Taibbi | Rolling Stone

Another Hidden Bailout: Helping Wall Street Collect Your Rent | Matt Taibbi | Rolling Stone: "This is from the WSJ this morning:

Some of the biggest names on Wall Street are lining up to become landlords to cash-strapped Americans by bidding on pools of foreclosed properties being sold by Fannie Mae...

While the current approach of selling homes one-by-one has its own high costs and is sometimes inefficient, selling properties in bulk to large investors could require Fannie Mae to sell at a big discount, leading to larger initial costs."

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