Fannie &Freddie worked just fine as government agencies. The the big money boys wanted to privatize them and we were off to the stables for a whooping. The investors in Freddie & Fannie wanted the big profits that the sub prime lenders were making from their … Yes, there was a ton of mortgage fraud and shady home flippers who also had Christmas day for five years thanks to the cheap credit policies, but it all took place right under the banking industry’s nose. …

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The Biggest Cause Of The Financial Crisis? It's Leverage: Roger …