Andy May

The Fannie and Freddie Apocalypse Trade

Pretty simple. The lack of regulation on banks makes me ill. The fact that the U.S. govt. is the largest owner of assets in the U.S. and the largest mortgage player and the largest everything is sad. We teach our kids that we're capitalists. We're not. We're really politicos looking for ways to make $200 million a year like Angelo. Way to go Angelo. I hope you're able to take the money with you. 1987 was way worse. Let's not forget that the market was down 35% in 2 days. The market is only have 12% thus far. Bush needs to resign. His speach was pathetic.

Did Fannie and Freddie Cause the Mortgage Crisis?

Foolish. Freddie and Fannie couldn't ORIGINATE subprime....but we all know that they could buy them after they were ORIGINATED. Learn the biz first, before you write about it. Freddie and Fannie have untold billions of subprime loans on their balance sheet. BILLIONS AND BILLIONS.