One more time Carol, who originated these toxic loans? It wasn't Fannie or Freddie, it was unregulated mortgage brokers like Country Wide and Indy Mac and bundled them into mortgage backed securities that were rated AAA by Standard and Poor's and Moody's. Fannie and Freddie were victims of these scam artists as were investment houses and pension funds.“Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong.”– Congressman Artur Davis (D-AL), September 30, 2008
It's like a breath of fresh air. A Democrat exercising critical thinking.
More could learn from him. This country would be a lot better off.
Where's the critical thinking Carol/ It's just the same crap you've been peddling for quite a while.