Trump insinuates using rifles to fire on Liz Cheney

And YOU think Barney Frank (minority member of GOP House where minority has zero power) and GSE's screwed US over during the WORLD WIDE CREDIT BUBBLE AND BUST? Seriously? lol

Examining the big lie: How the facts of the economic crisis stack up


By Barry Ritholtz
November 19, 2011



...Consider a study by McClatchy: It found that more than 84 percent of the subprime mortgages in 2006 were issued by private lending. These private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year. And McClatchy found that out of the top 25 subprime lenders in 2006, only one was subject to the usual mortgage laws and regulations.


A 2008 analysis found that the nonbank underwriters made more than 12 million subprime mortgages with a value of nearly $2 trillion. The lenders who made these were exempt from federal regulations.


A study by the Federal Reserve shows that more than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions. The study found that the government-sponsored enterprises were concerned with the loss of market share to these private lenders — Fannie and Freddie were chasing profits, not trying to meet low-income lending goals.

https://archive.ph/20200215001736/h...IQA7G23cN_story.html#selection-565.0-1105.326

 

LMAOROG, You can't be serious?