authfriend: > > No, they didn't. Please read the Wikipedia article I > > recommended to John and inform yourself: > > > Thanks for the information!
"More than 84 percent of the subprime mortgages came from private lending institutions in 2006 and the share of subprime loans insured by Fannie Mae and Freddie Mac decreased as the bubble got bigger (from a high of insuring 48 percent to insuring 24 percent of all subprime loans in 2006)..." http://en.wikipedia.org/wiki/Government_policies_and_the_subprime_mortgage_crisis
