Fannie, Freddie: Who Benefited, Who Lost [Housing Tracker] [View article]
User, they were "accomplishing their public mission" of making residential real estate a crowded trade, setting it up for a huge collapse. It was their duty to buy junk mortgages as long as the borrowers promised that they really really wanted to own that house.
Fannie, Freddie: Who Benefited, Who Lost [Housing Tracker] [View article]