Freddie Mac draws Republicans' attention
January 23rd, 2012
02:21 PM ET
11 years ago

Freddie Mac draws Republicans' attention

New York (CNNMoney) - The one thing Mitt Romney and Newt Gingrich seem to agree on about Freddie Mac is that it played a significant role in the housing bubble - and the subsequent financial meltdown that followed when it burst.

But many experts in the field question that view, saying Freddie Mac and fellow mortgage financer Fannie Mae were relatively small players in the rapid growth of subprime and other risky home loans while the housing bubble inflated - and were relatively late to the game at that.


Filed under: 2012 • • Fannie Mae • Newt Gingrich
soundoff (29 Responses)
  1. Sandy

    Romney is going to shed light on his buddy wall street bankers with this! LOL

    When everyone realizes that Fannie and Freddie only played a small role, everyone will be looking at Romney's friends. Romney, you don't want to go there! LOL

    January 23, 2012 04:24 pm at 4:24 pm |
  2. Rudy NYC

    Keith in Austin

    @ Wire Paladin and Rudy: Again you are wrong as usual! Barney Frank and a Democrap-controlled Liberal Congress went against the Bush Administration's warning NOT to make loans to deadbeats like you two! Banks were also MANDATED to make mortgage loans to people unable to make their monthly payments!
    I just love the way the haters try to rewrite history to their liking.

    The truth is that Republicans had controlled the entire Congress for a entire decade, and the White House for six years, before the housing mortgage bubble began to unravel in 2006.

    January 23, 2012 04:26 pm at 4:26 pm |
  3. CanadaONE

    Saint Mitt's financial statments are coming out tomorrow

    Questions to ask

    1. How much of his profits came from companies that hired people in other countries – ANSWER 450,000 jobs at the expense of the USA

    2. Who did he make donations to – ANSWER Mormons he made no donations to any other faith

    3. Does he know what it means to have a real job – Answer NO – never worked a day in his life

    And this would be your president??? so much for democracy

    Tax evation – send him to Canada we CAN PUT HIM IN JAIL for failing to pay his share

    He has stolen more money from the Amercian people than your worst crook



    January 23, 2012 04:32 pm at 4:32 pm |
  4. Truth and Nothing But the Truth

    Democrats are FAMOUS for creating massive government money pits and TIME BOMBS. Social security, Medicare, Medcaid, CRA, Fannie Mae, Freddie Mac, Obamacare, and on and on. Financial disasters ALL. And today their solutions are MORE OF THE SAME, even as we go bankrupt.

    WAKE UP AMERICA. Demorcats are a danger to the economic survival of this country.

    January 23, 2012 04:34 pm at 4:34 pm |
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