Quote:
Originally Posted by HardDrive
Come one, everyone who wasn't intentionally sticking their head in the sand knew damn well that when you throw out all the traditional requirements for getting a mortgage, really bad things are going to happen.
"We didn't know the securitys would be worthless."
Really? You don't watch CNN? You don't watch the stories about people who make $60,000 who 'own' 5 houses?
|
While that's true, Fannie and Freddie had nothing to do with those loans. Unfortunately though, they were affected by the home devaluations caused by such loans going bad.