Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Webster Groves who wrote (4915)	2/5/2011 10:56:24 PM
From: koan	6 Recommendations Read Replies (2) \| Respond to of 119362

<<Not the fault of the borrower. The bank could have demanded collateral as in the old days, but the patsy made the deal sweeter, and Fannie didn't care because its execs got a cut on cash-flow (called bonuses). The man who wrote the definitive book on the 08 collpase said it is a myth Fannie and Freddie caused it. They were just the patsy's of wall street who used them. He was on Bill Maher last night and corrected John fund who, as usual, was touting the right wings Wall street myth that it was F and F and the poor.. Fannie and Freddie, and the poor, are the scapgoats of wall street and the right wing.