Which is all beside the point that the bubble was largely created by private lenders who originated NINJA (no income no job or assets) loans for their own purposes. Blaming Freddie and/or Fannie, or even going back to the 60's and blamind Ginnie Mae is all a red herring. BTW I am far to busy to research these posts for XPT. This is all off the top of my head. My posts on Ginnie, Fannie and Freddie may be a bit rough around the edges, but they are far more on point that the Neil Cavuto-style red herring arguments that intend to fool people about the simple fact that this crisis was caused by Wall Street not Washington.