Stop getting your lies from Fox news. You're completely and utterly wrong.
For starters, Fannie and Freddie had their share of the mortgage market plummet during the bubble years. The loans they've made performed much better than other syndicated bank loans. The risk analyses were improperly done by the ratings agencies, and their basis were not (or should not) have been primarily Fannie/Freddie data.
Also, do you have any evidence at all besides the ravings of Fox news personalities about the government suing to force issuance of bad loans?
Please, do learn something about the situation. A great place to start is the blogs Calculated Risk or Naked Capitalism.
> The risk analyses were improperly done by the ratings agencies, and their basis were not (or should not) have been primarily Fannie/Freddie data.
You mean the rating agencies that were granted a monopoly on ratings by the SEC.... That monopoly meant that their ratings were unquestioned.
> Stop getting your lies from Fox news. You're completely and utterly wrong.
I note that none of your points actually refute my claim.
Fannie and Freddie's market share isn't the whole story. In fact, the bigger story was regulatory treatment of mortgage backed securities, which is why I emphasized it.
> Also, do you have any evidence at all besides the ravings of Fox news personalities about the government suing to force issuance of bad loans?
You've never heard of CRA?
From Wikipedia.
"The new Gramm-Leach-Bliley Act's FDIC related provisions, along with the addition of sub-section § 2903(c) directly to Title 12, insured any bank holding institution wishing to be re-designated as a financial holding institution by the Board of Governors of the Federal Reserve System would also have to follow Community Reinvestment Act compliance guidelines before any merger or expansion could take effect.[61]"
For starters, Fannie and Freddie had their share of the mortgage market plummet during the bubble years. The loans they've made performed much better than other syndicated bank loans. The risk analyses were improperly done by the ratings agencies, and their basis were not (or should not) have been primarily Fannie/Freddie data.
Also, do you have any evidence at all besides the ravings of Fox news personalities about the government suing to force issuance of bad loans?
Please, do learn something about the situation. A great place to start is the blogs Calculated Risk or Naked Capitalism.