Fannie Mae have the beginning of the decline of the economic crisis we have today?

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If the N. Y. The times they are right since 1999? Open the link below and read for yourself … Fannie Mae, the largest insurer in the country mortgages, increasing pressure to extend the Clinton administration, on mortgages to people with low and middle income and felt pressure from its shareholders a phenomenal growth erhalten.http in profits: / / query.nytimes.com / gst / res = fullpage.html 9C0DE7DB153EF933A0575AC0A96F958260?

12 Comments
  1. Reply
    tired_of_lies_2
    May 3, 2011 at 4:46 am

    It was the DEREGULATORS who started this downfall.

    GET IT???????

  2. Reply
    AFRICAN CENTRE F
    May 3, 2011 at 4:56 am

    no. fannie mae did not create the economic crisis.other people did.

  3. Reply
    esp.eclipser
    May 3, 2011 at 5:39 am

    No. Fannie Mae did not buy sub-prime loans from mortgage originators.

    Perhaps they contributed but the sub-prime loans started the problem. So it was more the fault of the banks and mortgage originators who gave those loans.

  4. Reply
    YUKON
    May 3, 2011 at 6:03 am

    Yes, this whole thing started, not with government deregulation, but with government manipulation of the mortgage industry.

    The first 3 did not read the link.

  5. Reply
    hdean45
    May 3, 2011 at 6:06 am

    Don’t know if Fannie Mae started the mess but it was a big part of it. We will never know the whole truth because there are too many politicians involved

  6. Reply
    Love Canada
    May 3, 2011 at 6:48 am

    It started with the American definition of capitalism, which they took as make money by any means necessary. They built a bubble as big as the world, and it burst.
    I blame the power of computers in the hands of bean counters, who kept sucking until there was nothing left to sustain life

  7. Reply
    Watchful Occupier
    May 3, 2011 at 7:41 am

    The money system’s fall is inevitable. Fiat money, usury and The Fractional Reserve System are going to go down. It is inevitable. This could just be a tremor, but it could also be the absolute end of it all. The framers of the constitution erected a system that would be free of these problems. Our leaders gave it away in 1913 when they succumbed to the European bankers with the 16’th amendment and The Federal Reserve Act. Our throats were cut when Nixon took us off the gold standard in 1971.

    Money as Debt:(Conspiracy Theory Free)
    http://video.google.com/videoplay?docid=-9050474362583451279

    I love how the Democrats say deregulation did it. Well guess what? You voted for the idiots who fought regulation.

    Bush calls for regulation of the mortgage industry 17 times in 2008 and at least 25 times in the previous 7 years.
    http://gatewaypundit.blogspot.com/2008/09/bush-called-for-reform-of-fannie-mae.html

    Democrats deny the need for regulation of mortgage industry:
    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    Barrack Obama and the filibuster to deny mortgage industry regulation:
    http://www.butasforme.com/2009/02/17/rove-schools-matt-lauer-on-how-obamas-support-for-fanniefreddie-filibuster-proved-detrimental-to-the-economy/

    Democrats are uneducated, unquestioning idiots.

  8. Reply
    aged sailor
    May 3, 2011 at 8:06 am

    Its only 1 of the symptoms not the cause .
    You have to look at the deregulations made by politicians like Alan Greenspan when he was head of the fed.
    This goes back to the 80s .
    It was the same Keynesian view of finance used by the EU and the UK. but he couldnt have done it without the agreement of pols like Clinton .

  9. Reply
    judo702
    May 3, 2011 at 8:57 am

    Banks are there to make money. What did they think the banks were going to do when they deregulated them? Fannie and Freddy just gamed the system.

  10. Reply
    meg
    May 3, 2011 at 9:27 am

    The investments banks were free to do as they pleased no matter what fannie and freddy did and they chose to create derivatives base on home mortgages and sell the to financial institutions all over the world claiming the were safe investments. I can not understand why people want to excuse the faulty judgment of people who were being paid 100’s of millions of dollars a year to manage investment and risk. They were not children that can you the excuse that they had to do it because their friends fannie and freddy did.

  11. Reply
    phil
    May 3, 2011 at 10:24 am

    they were involved in it,they had books fixed so not to show actual situation. they helped bring down the mortgage mess,and get democrats elected,and as a reward,rahm emanuel and franklin raines have been taken care of by new administration.don’t forget the role the federal reserve played in this,and there too they were rewarded with our treasury secretary and also volcker as adviser

  12. Reply
    tiedye_dude
    May 3, 2011 at 11:19 am

    No, GWB did.

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