EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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F and F sold NOT ONE sub prime.
you dont even know what they do.
The Fed, i.e., Greenspan had a specific policy of low interest rates in order to make money available to sub-prime borrowers. Among the things Fannie Freddie did was buy mortgages from the banks that created the mortgages thus making even more money available to the banks to create even more sub prime mortgages.
Do you understand now?