Did you read any of the links I posted? guess not. I know what Fannie and Freddie are...however, they revealed the problem...didn’t cause the problem. Do you know what a credit default swap is? Read the articles.
You obviously haven't been keeping up with current events. It was Fannie and Freddie writing loans to people who had ZERO chance of paying them back that cause the crisis. They did this at the behest of the likes of Barney Frank.
If you aren't honest enough to even admit that FACT, then you have no business expounding on this topic at all.