Simply Politics and News

[sylvester80]

Fannie & Freddie were a drop in the bucket as they always had a price limit on their loans. The housing bubble never would have gotten to the level that it did without the big kahunas. And the big kahunas were deregulation, the wall street investment banks and the credit rating agencies who colluded with them. IMO, every one of those CEOs of those wall street investment banks along with the CEOs of Fitch, S&P and Moody's should be in freaking jail if not worse. Much worse. Those bastards were giving $500K to $1 million dollar loans to freaking McDonalds employees and reselling them with a AAA rating. Freaking criminals...