On Oct 7, 9:12*pm, Stephen Trapani wrote:
....
Basically Fannie and Freddie regulations created a false market which
was then not subjected to enough oversight and hence abused. ...

What market was that? The sub-prime market? The CDO market? The CDS
market?

F&F bought a small percent of the CDO's out there and when they turned
to crap it trashed their books. I'm not going to claim that they are
victims since they should have known better but they are in no way,
shape or form the "cause" of this problem.

--Tom.