Mitchell J. Stein, Esq. Reveals Another Secret About Massive Fees Being Paid By Taxpayers To Defend

Mitchell J. Stein, Esq. Reveals Another Secret About Massive Fees Being Paid By Taxpayers To Defend Fannie And Freddie Executives.



The New York Times and national media recently revealed that for the last three years, during the housing and banking meltdown, government intervention by taking over and defending Fannie Mae and Freddie Mac has cost taxpayers $160 million. That spending will continue, according to Mitchell J. Stein, Esq., of MJS Associates as taxpayers are being taken advantage of by both companies making this an ideal time for public exposure of those expenses that taxpayers deserve to know.



"Information that was recently revealed to the public clearly portrays wrongdoing and the affect it has down the line, information that was only made public at the request of Congress." said

Mitchell J. Stein, Esq., a 25-year award-winning litigator, trial lawyer, financier, and entrepreneur who has represented many of the world’s largest companies and has been involved in some of the highest profile cases in the Nation’s history.



According to Mitchell J. Stein, Esq., "potential criminals have used the public’s hard earned money to defend themselves and it should not have taken an act of Congress to expose Fannie and Freddie. The real truth comes as no surprise."



This all began before the when the government was forced to take over these companies in 2008 as the irregularities in accounting records bringing ownership of countless mortgages into question and causing shareholders to sue to recover losses. "Unfortunately, it is likely that the taxpayers’ money will continue to be spent as this case is may go on for as long as six years" said Mitchell J. Stein, Esq.



Mitchell J. Stein & Associates is a California-based law firm founded by M.J. Stein, Esq. a 25-year award-winning litigator, trial lawyer, financier, and entrepreneur who has represented many of the world's largest companies and has been involved in some of the highest profile cases in the Nation's history. The Firm’s philosophy is based on the belief that their clients’ needs are of the utmost importance and, as a result, a high percentage of the Firm’s business has been from repeat customers and referrals. The Firm’s practice areas include Complex Litigation, Bank Problems, Mergers & Acquisitions, Commercial and Residential Foreclosures , and Bankruptcy Litigation. Mr. Stein is also the founder of VIPS Foundation (Victims of Injustice Pain and Suffering), through which victims nationwide, over the last 15-years, have received assistance following unfortunate events that subjected them to oppression or mistreatment. In that regard, Mr. Stein received the inaugural Mitchell J. Stein Benefactor Award from the National Organization for Victims Assistance (NOVA) for his work in protecting victims’ rights. Visit www.mjsteinassociates.com or www.dobielaw.org for more information.