Capitalism

[El Kabong]

F and F bought up bad loans and repackaged them and then sold them off to investors...plain and simple that's what they were there for yes it provided the banks room to loan more but looking back that too was also bad given how the banks decided to loan out money.

[Kirkland Laing]

F and F bought up bad loans and repackaged them and then sold them off to investors...plain and simple that's what they were there for yes it provided the banks room to loan more but looking back that too was also bad given how the banks decided to loan out money.

That's not exactly what they do, but even if it was what they did it was irrelevant as far as the overall market goes. If F and F had never existed every single bad loan would still have been made and every single bad security would still have still have been created, rated, etc., and we'd still have the current crisis because of it. The only reason the GOP keep talking about them is that it's the only way they can link any of this mess to the Democrats.