Hey S&L, catch this quote from William Poole the former Federal Reserve President in St. Louis who wants Fannie and Freddie closed down.

"While its TRUE that the PRIVATE MARKET BROUGHT ON THE FINANCIAL CRISIS by creating so many subprime mortgages, Fannie and Freddie did not
block that parade: they joined it -- indeed in some respects led it."

Could it be S&L that you dont know everything about the onset of the financial crisis?