Here's a post from Jun 1 that shows how truly dumb Ivor is. While trying to pretend that he knew what he was talking about, he revealed that he thinks Fannie Mae/Freddie Mac compete with private lenders - lol.

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Ad hominem attacks are a sure sign that the attacker has a weak argument. Freddie Mac and Fannie Mae actually followed the lead of private lenders who were going whole hog into subprimes, and Freddie and Fannie increased their involvement to protect their market share.

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here's how he tried to talk his way out of his retarded statement:

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They don't compete economically, but they DO compete to maintain a certain share percentage in order to create a perception that they are an effective player.

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Fannie Mae/Freddie Mac try to create the impression that "they are an effective player" - lol. Hilarious. He couldn't even get it right after he had hours to study the Wikipedia article.





Lastly, he tried to explain away his complete idiocy by saying he uses different words because he's a loser bureaucrat of some sort:

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You seem to have a certain level of experience in the private sector. It might be that I have a certain amount of experience in the public sector, and therefore we are accustomed to use similar terms to describe different things.

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