Just wondering you point of views. :] I think he did. But I'd like to hear what you have to say.Answer Question
Answer by momof030404 at 3:21 PM on Aug. 30, 2010
fannie and freddie That was such a small part of the whole problem. That is all you can bring up so you keep using it. Fannie and Freddie opened up the market so that you can buy houses in the areas where banks would not lend, you still had to qualify for the loan. Deregulation was the problem. They took advantage of this and bet against loans they knew would fail. Deregulation destroyed us.
Answer by mommom2000 at 3:29 PM on Aug. 30, 2010
Answer by yourspecialkid at 4:13 PM on Aug. 30, 2010
Answer by LoriKeet at 4:18 PM on Aug. 30, 2010
Answer by lovinangels at 4:26 PM on Aug. 30, 2010
Answer by gertie41 at 4:32 PM on Aug. 30, 2010
Answer by LoriKeet at 4:43 PM on Aug. 30, 2010
Answer by jewjewbee at 4:48 PM on Aug. 30, 2010
Forcing banks to lower their loan qualification standards was a huge mistake
Fannie and Freddie didn't tell banks to issue mortgages to people who could not pay for them. What they did is say that you have to open up the market equally in all neighborhoods to all people. They never told banks to loan to unqualified people.
Answer by mommom2000 at 4:49 PM on Aug. 30, 2010
Answer by urkiddingright at 5:00 PM on Aug. 30, 2010
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