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(NPR)   Turns out that whole "Freddie Mac helped cause the housing crisis" bit is about as true as any other piece of conservative economic wisdom   (npr.org) divider line 8
    More: Obvious, Freddie Mac, Federal Housing Finance Agency, ProPublica, investment strategy, conflict of interest  
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2498 clicks; posted to Politics » on 27 Sep 2012 at 2:51 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-27 04:58:09 PM  
1 votes:

o5iiawah: The more junk loans banks got off their books, the more they could unload on other banks or fannie/freddy.

Loan rules relaxed, prices rise, bubble bursts.


JESUS FUKING CHRIST!

It wasn't fannie/freddy buying up the shat loans.


Pay some damn attention for once. How many damn times does this fact need to be rammed down your throat before you comprehend it?


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2012-09-27 04:36:41 PM  
1 votes:

intelligent comment below: Debeo Summa Credo: It just astounds me that left wingers can try to say, with a straight face, that these ginormous credit providers, on which taxpayers will lose hundreds of billions of dollars, didn't contribute to the housing bubble.

It's like they have live in an anti-reality protection bubble.

/oh, and agree with all those who called subby a dope. Headline has nothing to do with TFA.


It's always amusing to watch you walk in pretending you have any knowledge on a topic like this and just write bullshiat not based on fact and reality.


Yeah, you're right. I should give up on this accounting and finance stuff that have been the basis of my career. I'm going to switch to IT. I figure about 6 weeks of reading manuals will put me at the top of the field. Maybe 5 weeks because I already know all about BASIC programming. Check out this program I wrote:

10 PRINT "YOU'RE A JACKASS"
20 GOTO 10
2012-09-27 03:58:11 PM  
1 votes:

Debeo Summa Credo: It just astounds me that left wingers can try to say, with a straight face, that these ginormous credit providers, on which taxpayers will lose hundreds of billions of dollars, didn't contribute to the housing bubble.


I pissed in the ocean once. I don't think it moved the high tide line.
2012-09-27 03:30:24 PM  
1 votes:

skullkrusher: CPennypacker: skullkrusher: CPennypacker: Uh, Fannie and Freddie don't issue mortgages. They buy them. Then they pool them. Then they sell them.

exactly. Buying mortgages from banks allowing them to make more questionable loans which they then also buy allowing them to make more questionable loans knowing. Hell, if I knew I'd get an institution (which is wink wink nod nod not explicitly backed by the US government) to buy a loan I made, I might even lend money to you :)

Bullshiat. You would never lend me money.

yeah you;re right. You libby lib libs aren't good at managing finances. You'd probably spend it on birkenstocks and patchouli or something


A hemp spinning machine. Made of Hemp. And I bought it with Hemp.
2012-09-27 03:15:52 PM  
1 votes:
i.imgur.com

RIP Freddie.
2012-09-27 03:01:00 PM  
1 votes:
I know no one reads the articles but damn, subbies should at least
2012-09-27 02:56:09 PM  
1 votes:
Shhh. It's always poor people's fault. Everything is poor people's fault.
2012-09-27 09:16:32 AM  
1 votes:
 
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