> RoMunn wrote: > I guess you missed this quote from Wikipedia: > > "Together they [Fannie and Freddie] have more than half of the $1 trillion > of Alt-A mortgages." >
(1.) forgot that wikipedia is omnipotent. (2.) Alt-a is not just subprime. (3.) The GSEs reported on June 30th that they held $114 billion of subprime and $71 billion in Alt-A securities as of June 30. But let's use your numbers. $500B of alt-a & lessay $500B of sub-prime. $1T So, your point is that the dastardly democrats enabled $1T toxic purchase which for 8 years Bush worked feverishly to stop, but just couldn't even though he and his party controlled the entire executive and legislative branches of government. So if we just buy up that $1T of GSEs mistakes then we're all solved? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271691 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
