Quote:
Originally Posted by SteamWake
Fannie May and Freddie mac??
Wait werent those goverment programs?
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They weren't the
causes of the crisis. They were actors, but the non-bank subprime originators were making the lion's share of the toxic loans. FNMA and FHLMC were no more the singular cause of the crisis than any one of the individual banks such as Lehman, Bear or B of A.