Why doesn’t the media report the leading role of Fannie Mae and Freddie Mac in the economic meltdown?
by Mortgage Rates on Thursday, November 11th, 2010 | 7 Comments
-
Mortgage Info
-
Updates
-
Useful Links
-
-
Tags
2010 About article Auctions bank banks best Business buyers change Credit Debt Equity Financial First fixed Foreclosure From good Government Help Home house Housing interest Loan Loans Market more Mortgage Mortgages Need News options qualify Rate Rates refi refinance Refinancing should this Time variable would-
Meta
The Truth hurts.
Oh dear we just can’t help the poor out
Why – that would be immoral – in Hell.
the amount of LEVERAGE that was applied to banks and lenders…
would get MOBSTERS
convicted of RICO violations…
Repealing the Glass-Steagall Act had a far greater role than the CRA. And let us not forget that the ultra low taxes on investment income gave the financial sector more money than it literally knew what to do with: which is why wall street kept inventing newer and newer products to meet demand.
The conservative owned media is protecting thieving rich class shareholders of Fannie and Freddie.
You weren’t aware that these are rich class owned, publicly traded companies? Hmmm. Then, the soundness of your “question” is cracking up.
Because they are the lap dogs of this administration, if they actually told the truth they might be completely out of job- their ratings are in the toilet as it is. You summed up the truth up eloquently! The liars of this administration can figure yet figures don’t lie- actions speak louder then words. They are a bunch of con men.
Because they were democrat programs and the media wouldn’t do that. Good luck to you