<p>Note, too, the obstinate insistence by those on the right to blame the willingness to make bad loans on Freddie and Fannie, along with the standard subterfuge soccerguy still insists on of writing Freddie and Fannie at first and then quickly switching to “government” as if they were the same thing. </p>
<p>I’ve already shown you that Freddie & Fannie did not originate most of the sub-prime loans. Furthermore I’ve explained that they could NOT buy the loans once they were packaged and sold off by the banks to investors. So how can Freddie and Fannie be even remotely accused
That’s not even remotely possible, and in fact it didn’t happen. Even with the bailouts it isn’t Freddie/Fannie that are helping out the banks, its the Fed and Treasury. Doesn’t seem to bother soccerguy, though… Tells you more about those making these kind of arguments than the world around us, don’t you think?</p>