Originally Posted by Ma_Republican
...I believe that it was Fannie and Freddie that made securities out of the bad loans.
Not according to the documentary, Ascent of Money.

(You'll have to view the documentary by two Harvard professors - who are not some armchair economists sitting behind a computer blithely typing made-up nonsense - the documentary is online, if you want to know the true answer wink )

Contrarian, extraordinaire