ZenInvestor

Fannie and Freddie Did Not Cause This Crisis

Look, they are not alone in causing this mess, they had many helpers, both in the market and in Congress. That said, they are clearing culpable for their contribution, and were horribly mismanaged, and our politicians rather than siding with 'caution' panicked and threw all restraints to the wind.

You can say they were not a major part of the problem, but they also were not sole cause of it.