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Re: Despite All the Pimps, Whores, Morons And Scumbags Opposing Them 

By: CTJ in POPE | Recommend this post (2)
Tue, 18 Oct 11 5:02 AM | 28 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 45209 of 65535
(This msg. is a reply to 45203 by killthecat)
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Why are you so uninformed?

Without Fannie and Freddie’s certification of millions of bad loans as safe, other banks both domestic and foreign wouldn’t have bought them. More importantly, world financial markets wouldn’t have relied on those packaged loans as collateral and collapsed when they went bad. Fannie, Freddie,= Fraud.

Franklin Raines
Jamie Gorelick
Jim Johnson

Do you hear about them Cooking the Books? Did ya miss that piece of news? Did MSNBC skip over that story?

http://whiskeyandgunpowder.com/fannie-freddie-fraud/


Democrat Party. The party of Misery, Violence and Hate.


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The above is a reply to the following message:
Re: Despite All the Pimps, Whores, Morons And Scumbags Opposing Them
By: killthecat in POPE
Tue, 18 Oct 11 4:11 AM 		Msg. 45203 of 65535

ZIM:

Subprime mortgages weren't the problem. Fraudulent subprime mortgages and the packaging of those mortgages were the problem.

I know you wingers have been told that it was all Freddie, Fannie and Barney's fault, but you might want to read this 2007 article to un-brainwash yourself.

http://www.investopedia.com/articles/07/subprime-overview.asp#axzz1b5YTEnTi

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