Can you believe that, 50%? Amazing. The fact this was on Free Republic and caught someone’s attention was great. The word got spread far and wide, not just on FR. Excellent.
As large as Fannie Mae goes that year, 50% of the loans were to potentially problematic individuals. That is shocking.
This is what political pandering on the left leads to. I don’t think I’ve seen a more clear example of what that pandering leads to when taken to it’s final conclusion.
In this instance it actually threatens our complete economic system. Of course a Democrat can’t be found today that remembers what they were hawking back in the 90s.
These people are enemies of our way of life.
Don't fool yourself. Anybody who is anybody reads FR daily.
Just another reason to donate and keep FR running.
FWIW, I'm fairly certain I saw a chart recently either here or on the web that showed Fannie's exposure was, get this, 65% of their MBS's in subprime and Alt-A(between subprime and prime) loans. Lota shirt tail blowin in the breeze.