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View Diary: Fmr. Well Fargo CEO Promotes The Big Lie About The Financial Crisis (6 comments)

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  •  no missing qualifer (0+ / 0-)

    What I meant to say is that FanneMae and FreddieMac were created as a response to the Great Depression where so many lost their home due to bankster loans from Bank of America and the like.  The advent of these entities was to make 30 year amortized loans available.  I read that prior to this most loans were just for 5 years and then a huge balloon for the balance.

    Separation of Church and State AND Corporation

    by Einsteinia on Mon Mar 19, 2012 at 10:02:30 AM PDT

    [ Parent ]

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