lol! You notice these poor schmucks can only talk about Fannie and Freddie because their handlers try to tie Barney Frank to the problem. Countrywide and other banks such as Merrill, BoA and others were just as culpable but these poor clueless schmucks can't discuss those because again, their handlers don't discuss the issue.<quoted text>Countrywide was up to their asses in writing those worthless nonconforming loans. They were bundling them and selling them on Wall Street. All made possable by Republican deregulating Wall Street and the banks. What does that have to do with Fannie and Freddie?
That's why they have no clue about CDRs or even why AIG was in trouble.