Prove Fannie and Freddie are to blame, collect $100,000

[InformedConsent]

Originally Posted by GregW

The home mortgage market became a crap shoot when the savings and loan industry collapsed three decades ago. The recent collapse of the mortgage funds was caused by unregulated rampant speculation by the commercial sector. They ripped us off and should be punished for their greed. I just don't know how to do that.

Wouldn't you think this has something to do with it?

From 1992 to 2007, the two entities [Fannie and Freddie] acquired over $3.1 trillion in low-down-payment or credit-impaired loans and private securities backed by credit-impaired loans—and these are performing horribly: the delinquency rate on Fannie’s and Freddie’s remaining $1.1 trillion in such high-risk loans is 15.5 percent as of this past June 30, about 6.5 times the rate on the entities’ traditionally underwritten loans.

Yes, the CRA Is Toxic by Edward Pinto, City Journal Autumn 2009

[momonkey]

Originally Posted by delusianne

CaptiousNut is a long-standing harasser of Barry Ritholtz.

Check out the comments at Ritholtz's page, particularly Ryan Chittum's June 30 2009 post.

$100,000 CRA Challenge | The Big Picture

And as a matter of fact the bet's still on. All I ask is a 10% finder's fee.

Is it possible for you to address the arguments being presented without immediately attacking the person involved?

[delusianne]

Originally Posted by momonkey

Is it possible for you to address the arguments being presented without immediately attacking the person involved?

Neither CaptiousNut nor you has stepped up to claim that $100K. Im counting on that 10%. Go on over and claim it, baby needs a new pair of opera pumps.