Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by Mike Kennedy, Jan 12, 2009.
Half the story produced for political gain prior to the election. :new_smile-l:
If you really want to know what happened, check out default credit swaps (AIG) and how they were deregulated. Or the non deposit banking of Wall Street.
Fannie & Freddie had there issues but are comparatively minor when looking at the complete financial melt down caused by greed and the fox looking after the hen house.