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

By: DGpeddler in POPE | Recommend this post (3)
Tue, 18 Oct 11 4:52 PM | 26 view(s)
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Msg. 45218 of 65535
(This msg. is a reply to 45209 by CTJ)

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Not only that but because of Fannie and Freddie, those loans were assumed to have the full backing of the U.S. government.


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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: CTJ
in POPE
Tue, 18 Oct 11 5:02 AM
Msg. 45209 of 65535

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/


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