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Old 09-09-2012, 09:44 PM   #241
AustinChief AustinChief is offline
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Join Date: Aug 2000
Location: Austin
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Quote:
Originally Posted by KC native View Post
Fannie and Freddie were late to the subprime game. They got into the game because they were losing market share, not because of a government mandate.

Fannie and Freddie are peanuts in the grand scheme of the financial crisis.
I won't rehash this argument with you.. but your facts are simply wrong or at the least a big fat INCOMPLETE. I'll agree that Greenspan's monetary policy and a myriad of other factors including the Gramm–Leach–Bliley Act played a part as well... but you're blind defense of Fannie and Freddie is based on.. well, nothing. You don't know the Fannie or Freddie figures because they consistently distorted them... which is why they are currently being sued by the SEC.
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