Warren Buffett is doing pretty good in the sub-prime market. Foreclosures at his company are actually down this year. So perhaps the problems are with the lenders and not the borrowers. It's just so easy to scapegoat the poor.
http://money.cnn.com/2008/09/10/news/newsmakers/buffett_clayton.fortune/index.htm On Tue, Sep 30, 2008 at 4:09 PM, Gruss Gott <[EMAIL PROTECTED]> wrote: >> RoMunn wrote: >> The Democrats forced Fannie and Freddie to take on more and more >> speculative debt. > > The answer to my question - what percentage of subprime loans did > Fannie & Freddie make - is, of course, 0%. > > None. > > Fannie & Freddie are prevented by law from making or buying sub-prime loans. > > So you, and your information, is wrong. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271659 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
