New IG Study on TARP is “Sickening” says Tea Party  Today, Tea Party Patriots, the nation’s largest tea party organization, issued the following statement in response to a new report that the U.S. Treasury Department paid “excessive” salaries and bonuses to executives at three firms bailed out during the financial crisis. “We opposed TARP and government…

Hedging Against the American Dream—Part I Freddie Mac reaps rewards when homeowners are unable to refinance under low rates. Critics contend that Freddie Mac, in October 2010, tried to deter prospective refinancers by tightening underwriting guidelines and raising prices. Freddie Mac, a taxpayer funded Government Sponsored Enterprise (GSE), stands to lose if upside-down borrowers can…