whtamess

Fannie and Freddie Are Largely Responsible for the Housing Bubble

What a bunch of CRAP... obviously you have no idea how a bank lends money. If it weren't for these GSE's there would have been no money to lend to people to buy homes... they would have run out of money you moron. They created liquidity so banks could continue to lend and people could buy homes at reasonable rates.

What happened here was some nitwit coming up with accounting rules that caused so many asset problems and people like this that write articles that downgrade the stock that in turn puts a crack in market and affects our dollar nationally and internationally.