Thread: Dems BLOCKED attempts to regulate Fannie Mae and Freddie MAc
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Old 09-23-2008, 03:48 PM
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Originally Posted by Latherty View Post
I don't think either FM was exposed to the sub-prime market. I understand they fell victim to the drying up of market liquidity generally.

So what regulation would have you applied to the FM's that would have averted this position?
They encouraged subprime loans with the promise of FM support. Both AIG and Lehman Brothers had large FM holdings as well.
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