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Old 10-08-2008, 08:11 PM   #18
Jae Onasi
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Quote:
Originally Posted by GarfieldJL View Post
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.
Please show me where Freddie/Fannie informed lenders to be predatory. Please show me where buyers were forced to sign a home loan.
Please show me where Freddie and Fannie manipulated housing prices.
Please show me where Freddie and Fannie told CEOs to commit fraud.


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