[AprilfromTexas]

Good letter.

I heard part of it and flipped the channel when I realized they were NOT going to address the Fannie/Freddie aspects...which are a major reason Credit Default Swaps (insurance for risky loans) were created.

http://www.newsweek.com/id/161199
This outlines the credit default swaps and is another aspect of the crisis
I’ve not read much about...puts it
squarely on the Dems. It’s most disturbing that the MSM is not reporting the government’s role in this debaucle.

[ken21]

gosh, i wonder why they would not address fanny and freddy?

/s

remember it was 60 minutes that gave us billnhill?

[cpdiii]

I gave a lengthy expose on this on these Free Republic pages almost two years ago and most of you wouldn’t accept that back then, coming back with the same Economics 101 pap the President spouted on Sept 24th.

I believed you. I had just sold my house to an individual with a credit rating that was the bottom of the barrel. I did not understand how he got the loan until posters on this board started talking about the impending crash in real estate financing.