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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (49346)9/29/2008 1:15:26 PM
From: TimF1 Recommendation  Read Replies (1) of 224749
 
All the bad loans where made by other institutions. Fannie Mae and Freddie Mac didn't make the loans, they bought them from those who did make the loans, and undertook other activities to drive the market for mortgages.

Absent their participation, at worst we would have a much smaller problem now.
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