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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: koan who wrote (4917)2/6/2011 12:13:05 PM
From: Webster Groves2 Recommendations  Read Replies (1) of 119362
 
I never claimed Fannie caused anything, but they did make the scam possible. Without Fannie and a lot of CDS suckers, the schemes of Mozilla and his like would not have been possible. At the time of the loans, the lenders knew the borrowers could not pay back if values soured, but they didn't care because they would not take the fall.

wg
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