Originally Posted by Greger
Shlack the way I heard it was that the Democrats forced Fannie and Freddie to loan money to the high risk borrowers and are thus responsible for the meltdown.

It is true that Fanny, Freddie, and the democcrats were all culpable to some degree.

It is also true that none of the "toxic" morgages we hear about involved fannie and freddie... they carry their own paper... and since these mortgages are backed by the governmnet, they are by definition not toxic.

Last edited by Ardy; 12/02/08 07:36 AM.
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