Overview

"In his book, Another Big Lie, author Tim Pagliara details the decade-long fight over the government's role in regulating a safe and sound mortgage market. At the heart of the story is the contrarian bet investors made to buy Fannie Mae and Freddie Mac--government sponsored entities, GSEs--securities in the heat of the mortgage crisis in late 2008. This is the story of how a select group of GSE investors exposed the government's theft of billions of dollars from the American dream of homeownership. Madison opined in the Federalist papers that ""If Men were Angels"" we wouldn't need government. And yet, in Another Big Lie, Pagliara examines what happens when all three branches of government--executive, legislative, and judicial--fail, exposing the truth about the housing market, a corrupt legislative process in the Senate, and the various attempts that tried and failed to blame the financial crisis on the GSEs."

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9781950863297

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In Another Big Lie, author Tim Pagliara details the decade-long fight over the government's role in regulating a safe and sound mortgage market, and how a select group of investors in government-sponsored entities exposed the government's theft of billions of dollars from the American dream of homeownership. This was the largest and most brazen expropriation of private property in the nation's history. --David Thompson, Managing Partner, Cooper & Kirk This isn't just a story about what happened a decade ago. It's a story about what's happening today and what's going to happen twenty years from now. The villains of this story are the big banks and their cronies inside the government, the media, and the intelligentsia who behaved as if the bankers could do no wrong. But this iron truth endures: Even the most well-intentioned bureaucrats, no less than presidents, legislators, and judges, are bound by constitutional principles. --Patrick J. Collins, Marcus J. Liotta, William M. Hitchcock v. Steven T. Mnuchin, Secretary, US Department of Treasury; Department of the Treasury; Federal Housing Finance Agency; Mark A. Calabria, Director of the Federal Housing Finance Agency (S.D. Tex., 2019)

Author Information

TIM PAGLIARA is the founder, chairman, and chief investment officer of CapWealth, an independent, SEC-registered investment advisory firm based near Nashville, Tennessee. For more than a decade now, Tim has been fighting for the rights of Fannie Mae and Freddie Mac shareholders after the US Treasury Department placed the government-sponsored entities into conservatorship, sweeping their profits right out of investors’ hands and into the pockets of the government. In 2014, Tim founded Investors Unite, the organization representing investors and seeking full restitution of the dividends seized. Tim wants to expose the story the government doesn’t want told—the story of how the government stole billions of dollars from the American dream of homeownership, and got caught.

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