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Why is everyone blaming Fannie and Freddie for the Financial Crisis? Do they honestly think banks had nothing to do with it?

The banks certainly played their roll. Having said that they were pushed into those positions through congressional legislation.Then when the GOP saw the collapse comming they tried to pull in the reigns but Barney Frank would have none of it.


[ame=http://www.youtube.com/watch?v=LPSDnGMzIdo&feature=player_detailpage]Democrats were WARNED of Financial crisis and did NOTHING - YouTube[/ame]
 

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