Posted: 5/8/2012 3:00:54 PM
Originally Posted by wallstreetcappers
Responding to what? Ive responded to all you have asked. The govenment was not buying loans as per your contention in the reply I made. Fannie and Freddie were backing mortgages and buying some mortgages of the market, that is not equal to the government buying from the lender.
Fannie & Freddie had hundreds of billions in Sub Prime loans.
It is equal to the government buying from the lender, since the government backed F&F, and bailed them out.