Ok in the real world today everyone lives off of behavioral analytics so of course they might just have a ton of information to leverage to make their bets, right? 
If you look and see how this phenomena is taking place today, it’s not just Facebook, but Hedge Funds, High Frequency Traders and so on. It’s all about those algorithms as Freddie Mac could not have pulled this off without highly sophisticated formulas to hedge their bets.
High Frequency Traders Using Social Networks and Growing Rapidly With Algorithms That Find, Sort and Leverage-Growing At A Rate Faster Than Facebook
Ultimately, market data both on and off the web is skyrocketing and as hedge funds try to digest it as quickly as possible and to make intelligent use of it, they need to make sure they have an efficient storage and retrieval platform, can integrate various data sets and can provide tools to help their traders understand the data and patterns so you can bet old Freddie was right in here. I thought the Attack series would slow down but it doesn’t seem to stop. In case you missed it, here’s part eight as the credit folks and mortgages all go together with complicated formulas to carry out their deeds.
Consumers Lose More Privacy With New CoreLogic Credit Reporting–”Score” Marketed For Insurers and Employers To Gain Information-California Prohibits Potential Employers – From Using As Jan 1 - Killer Algorithms Part 8
Welcome to the world of discrimination by the algorithm….
I say we should license and tax all of those who buy and sell data and Freddie Mac should be right on the list.
The Alternative Millionaire’s Tax–License and Tax Big 
Corporations Who Mine and Sell Taxpayer Data They Get for Free From the Internet-Phase One to Restore Middle Class With Transparency, Disclosure and Money
Corporations Who Mine and Sell Taxpayer Data They Get for Free From the Internet-Phase One to Restore Middle Class With Transparency, Disclosure and MoneyIf Richard Cordray doesn’t jump in here soon with some algorithmic protection for the middle class there’s no hope in sight. This keeps getting worse every day. CoreLogic is in the real estate information business and mines a ton of data for sale all the time, to the point where the state of North Carolina kicked their license to mine out as they didn’t pay for updates and servers were slowing down to a crawl with all the bots as consumers like you and I can’t get through anymore.
President Appoints Richard Cordray as New Consumer Financial Protection Chief - Hope He Knows And Understands Correcting Flawed Math and Formulas To Battle the “Financial Attack of Killer Algorithms” On Consumers With Banks and Corporate USA
Is this a real slap in the face to where tax payer money bailed them out only to find 
that they were betting against consumers. If you don’t believe how bad the numbers are skewed and how bad the marketing is to suck up us gullible and naïve consumers, listen in to the video below and you will find out. BD
Context is Everything–More About the Dark Arts of Mathematical Deception–Professor Siefe Lecture Given at Google’s New York Office–Big Healthcare Focus
Several U.S. lawmakers and prominent economists on Monday said Congress and the White House should end a financial conflict of interest at the taxpayer-owned mortgage company Freddie Mac.
Freddie Mac, which has a public mission to help make home ownership affordable, also has placed multibillion-dollar bets against American homeowners being able to refinance to cheaper mortgages. NPR, in partnership with ProPublica, an independent, nonprofit newsroom, first revealed Freddie's bets on NPR during Monday's Morning Edition.Public documents, checked by NPR and ProPublica, show that in 2010 and 2011, Freddie Mac set out to make gains for its own investment portfolio by using complex mortgage securities that brought in more money for Freddie Mac when homeowners in higher interest-rate loans were unable to qualify for a refinancing.
Freddie's trades came at a time when mortgage rates were falling to record lows.
This is the conflict: Millions of homeowners wish they could refinance, but their lenders tell them they can't qualify for today's low rates because of tight rules. Freddie Mac is one of the gatekeepers with the power to set those rules, and lately, it has been saying no more often to homeowners.
"Freddie Mac prevented households from being able to take advantage of today's mortgage rates — and then bet on it," Alan Boyce told NPR. He is a former bond trader who has been involved in efforts to push for more refinancing of home loans.
0 comments :
Post a Comment