[Dapper 26]

Countrywide would not have offered subprime loans if Fannie Mae and Freddie Mac didn’t buy them. The problem isn’t the lenders as many in Washington want us to believe.

[kenavi]

Fannie's and Freddie's mortgage loan portfolio and guaranteed debt was always better than the industry as a whole.

The private sector drove this business, and many of us were quite willing to ride the gravy train.