@bleuze 179576 wrote:
MUST see video on the reasons behind the financial mess
So I guess Fannie Mae home owners are responsible for the current financial crisis and the $850 Billion Bail out then? What about all of the folks that reviewed these applications, but approved them anyway? Those are the GREEDY idiots responsible, NOT the people that took a loan in good faith, but was screwed over by badly written loans.
Fannie Mae was the leading participant in the U.S. secondary mortgage market, which serves to provide liquidity to mortgage originators, to enable mortgage companies, savings and loans, commercial banks, credit unions, and state and local housing finance agencies have funds to lend to home buyers.
IMO Blaming one particular group is having ‘tunnel vision’ on the real problem and does not help provide a SOLUTION.
It will be intersting to watch the congressional hearings in this case when some of them are just as guilty for letting us get here in the first place. I’m keeping an eye on who made what money and when they got it.