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_AugEMon01472426086AugMonAMKSTEthKSTR018 投稿者: Nelson [ 102hit ]
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</a> Yes, they helped in the housing bubble. But just helped, as did AIG, Credit Ratings, Mortgage Brokers, Relators, and most especially Wall Street. I do remember well watching Barney Frank on C-Span stating that they (Fannie and Freddie) should change their scoring to provide more loans. Also G. W. Bush; same thing. Then I knew it wouldn’t work when Alan Greenspan stated something to the effect of “The financial industry should create new instruments to facilitate…”. They sure did. Fannie and Freddie worked fairly well until political and financial greed just couldn’t keep their hands off. No matter what new system they come up with to replace them, it will eventually happen again unless we have major systemic changes to the political and financial worlds.
</a> Yes, they helped in the housing bubble. But just helped, as did AIG, Credit Ratings, Mortgage Brokers, Relators, and most especially Wall Street. I do remember well watching Barney Frank on C-Span stating that they (Fannie and Freddie) should change their scoring to provide more loans. Also G. W. Bush; same thing. Then I knew it wouldn’t work when Alan Greenspan stated something to the effect of “The financial industry should create new instruments to facilitate…”. They sure did. Fannie and Freddie worked fairly well until political and financial greed just couldn’t keep their hands off. No matter what new system they come up with to replace them, it will eventually happen again unless we have major systemic changes to the political and financial worlds.
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