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Old 10-08-2008, 02:15 PM   #16
GarfieldJL
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Join Date: Apr 2007
Posts: 1,856
Quote:
Originally Posted by Jae Onasi View Post
Freddie and Fannie had no impact on CEO fraud, oil prices and resultant inflation, housing devaluation, predatory lenders, or foolish buyers. The 2 agencies were created by the gov't, but Fannie Mae was privatized in '68.
Uh actually it did, Freddie

Freddie/Fannie is tied to the following: housing devaluation, predatory lending, and foolishly buying property. Heck they were paid by the number of loans they issued.


The CEO Fraud partially ties in.


The only thing it doesn't tie into is oil prices, aside from being the straw that broke the camel's back.
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