Why does Fannie and Freddie keep getting blamed for the economic crisis?
According to this: http://www.mcclatchydc.com/251/story/53802.html
*More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
*Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
*Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.
So why does Freddie and Fannie still get blamed anyways?
Also the top 25 subprime mortgage lenders: http://ml-implode.com/top25-Q206.html