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There's two tiers of quotes there. What you pointed out is the referrence for the inner quote (starting with "About 6 million U.S. borrowers..."). I was referri
by fwdpropaganda 9y ago
There's two tiers of quotes there. What you pointed out is the referrence for the inner quote (starting with "About 6 million U.S. borrowers..."). I was referring to the outer quote, the one by "Mike Whitney". Am I missing something?
- SyneRyder 9y agoIt applies to both quotes. Zero Hedge quotes Mike Whitney's article, and within that Mike Whitney quotes Businessweek. The quotation from Businessweek is the portion in quotation marks: “synthetic financing to reduce the up-front capital required if they agree to form a joint venture with Fannie Mae and share proceeds from the rental or sale of properties" It's from the same Businessweek article, "Colony Capital wins foreclosed homes in Fannie Mae auction". Mike Whitney attributes it only by title on his site, but Zero Hedge added a Telegram.com link to the syndicated article. It looks like Zero Hedge actually took an extra step to verify the Businessweek quotes in this case.