Funny you should think that, because 75% of all the sub-prime loans were made by the private banks and not Freddie/Fannie. And for several years the percentage was higher than that; Fannie and Freddie only got into the sub-prime near the end because they were losing so much market share to the banks that were packaging sub-prime loans. The private banks made those loans because they had no plans of keeping them; they were flipping them to suckers out there. </p>
<p>And you don’t have to take my word for it. Take Alan Greenspan’s. In testimony before congress last month it is reported
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<p>Nothing there about Freddie/Fannie being at the heart of the problem. Pray tell, naive right-wing apologist, who were those securitizers and who were they selling to? Hint: not Fannie and Freddie.</p>
<p>When you get your economic news from Fox, you’re not really going to understand the world and you’ll say foolish things (as in any post by soccerguy)</p>