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[+]Spear10002 points11 points13 points
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[–]Spear10002 points
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You can thank the government and government sponsored enterprises like Fannie Mae, Ginnie Mae, and Fredie Mac for the last housing crash from originating and guaranteeing absurd housing loans that were then packaged and stamped AAA because they were theoretically guaranteed and sold into the markets. Next up, sallie mae, the government student loan monster that created a bubble just like the housing bubble. This is why the government need to keep its big ass nose out of the private sector.
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[–] Spear1000 2 points 11 points 13 points (+13|-2) ago (edited ago)
You can thank the government and government sponsored enterprises like Fannie Mae, Ginnie Mae, and Fredie Mac for the last housing crash from originating and guaranteeing absurd housing loans that were then packaged and stamped AAA because they were theoretically guaranteed and sold into the markets. Next up, sallie mae, the government student loan monster that created a bubble just like the housing bubble. This is why the government need to keep its big ass nose out of the private sector.
[–] teatime 0 points 1 point 1 point (+1|-0) ago
all or nothing!