Someone gets it. This was almost ALL Fannie & Freddie. Wall Street for the most part got raped. They did not have a clue and they are not stupid. You think the CEOs at Lehman and Bear Stearns wanted to lose hundreds of millions? A lot of these people were wiped out. They are no saints but they were ambushed and were picked off one by one by the shorts working for their own gain but this was coordinated.
This was a global conspiracy and the bomb was timed to go off a few months before the election.
many banks and foreign countries were misled into thinking freddies were risk free investments.