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

To: Webster Groves who wrote (4940)	2/6/2011 1:20:11 PM
From: koan	5 Recommendations Read Replies (2) \| Respond to of 119362

I am just saying. The Republican's who protect crooked Wall Street and the super rich (e.g. holding everything hostage to extend tax cuts for the rich)with every breath in their body, use Fannie and Freddy to shift blame. They do it over and over. It is their primary talking point. John Fund did it perfectly on Bill Maher, but when challenged by the mild mannered producer of ? "inside job" (can't remember) whom everyone knew, knew the truth, Fund just sat there looking sheepish like a kid caught in a big lie. Anything Fannie and Freddy did pales in comparison to the fraud of GS and other big banks, AIG and Wall street in general with their CDO's and CDS's. <<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.