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.
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.
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.
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
rumpelstiltskin: Yes, Freddie did have a role in causing the housing crisis.
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