For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg. ….. The scam preys on vulnerable people seeking something for nothing. After a slick mortgage broker sold them a junk loan, wiped out their savings, left their home $100k+ upside down, they’re now going to pay what’s left of their money to an attorney who claims he can discharge the debt? …

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Moonbattery: The High Cost of Other People Living Beyond Their Means