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Its been well documented and reported in some financial sites.
That ibanks and financial institutions followed Fannie or Freddie after the relaxed their landing standards to issue MBS's for subprime and alt A loans. Not the other way around. Of course private investment backed institutions bought a lot more subprime and alt A loans that Freddie or Fannie could, thats just the nature of the markets. You need to keeps this in prespective they all followed Fannie and Freddy. Thinking was if its good for them its good for us.
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