Quote:
Originally Posted by Azure
The intrusion that the smaller banks never had to deal with. Hence the reason why they're doing just fine.
Fannie and Freddie Mac.
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I do think that Wall Street showed some startlingly poor judgement in their loaning practices and processes. If they wanted to get around the mortgage regulations, they could have done it, instead they were happy to loan money to anyone and anybody who wanted to own a house.
Greedy ba$tards.