Has anyone compared the total $$$ amount for subprime mortgages serviced by Fannie/Freddie vs. the $$$ amount for mortgage securities/CDS’s?
$47.2 billion – Fannie Mae
$120.8 billion – Freddie Mac
CDS’s in the financial market – current estimate $60 trillion in credit default swaps.
I’m not particularly enamored with Republicans or Democrats, and I really dislike spin since most Americans don’t have the critical/independent thinking skills to decipher what is really being said. Do some research and don’t blindly believe what either party is telling you. Both parties are guilty in this financial crisis. Anyone who believes the crap being fed to them deserves it.
