Comments on: Who Does Paul Krugman Think He’s Fooling?

By: Morning Bell: The Left’s Crony Capitalism Explodes | The Foundry: Conservative Policy News.

Tue, 12 Jan 2010 21:30:24 +0000

[...] during the height of the housing bubble.” Krugman is just factually wrong here as we have documented before. A new Washington Post report today further exposes just how terribly wrong he [...]

By: Morning Bell: Seize This Opportunity | The Foundry: Conservative Policy News.

Tue, 12 Jan 2010 21:19:43 +0000

[...] only the proper rules are put in place to control their behavior. What the liberals ignore — when they are not being completely ignorant about the true role Fannie and Freddie played in the cur… — is that Fannie and Freddie have spent hundreds of millions of dollars lobbying to be as [...]

By: Kamau Crawford

Kamau Crawford — Thu, 22 Oct 2009 06:17:33 +0000

when trying to blame the financial crisis on Freddie & Fannie…(which they then try to link to the devastation that happens when you give poor people equal opportunity to capital) there is a conceptual problem that the conservatives choose not to address…which is…

the entire subprime mortgage market totals "only" 1.3 trillion (about 2%) of our nation's household net worth…Credible estimates for the losses incurred owing to subprime loans and the next riskiest class of loans, "Alt-A" together total about 300 billion…How could that amount devastate the world economy? or look at it this way..If the potential high-risk mortgage defaults totaled only 300 billion, then surely the trillion-dollar federal bank bailouts would have covered the entire problem…and then some..but they didn't

By: Smith

Smith — Thu, 09 Oct 2008 22:17:59 +0000

You and a lot of writers don't make the distinction between subprime backed securities and individual subprime loans.

Subprime backed securities are not loans. They're securities.

The loans used to back those securities were NOT underwritten and guaranteed by Fannie and Freddie.

Loans underwritten by Fannie and Freddie, bundled and sold as securities were NOT the problem.

The ones that WERE the problem were put out on the market by private mortgage lenders with an inexplicable triple A rating, where a lot of institutions including Fannie and Freddie bought them.

By: Misty watercolor memories: When Krugman was right | NewsMesh

Misty watercolor memories: When Krugman was right | NewsMesh — Fri, 03 Oct 2008 12:41:05 +0000

[...] Conn Carroll comments at the Heritage Foundation’s Foundry blog: [L]et’s stipulate that Fannie and Freddie never did “any subprime lending” … but not for the reason Krugman states. Freddie and Fannie never do any lending: They buy mortgages from lenders only, so that those lenders have more cash to make other loans (like subprime ones). But Krugman is either lying or being intentionally obtuse when he says “Fannie and Freddie buy only mortgages issued to borrowers who made substantial down payments and carefully documented their income.” [...]

By: Fannie-Freddie Knee-Deep in Subprime Mortgages |

Fannie-Freddie Knee-Deep in Subprime Mortgages | — Fri, 18 Jul 2008 13:26:16 +0000

[...] Knee-Deep in Subprime Mortgages Conn Carroll didn’t take Paul Krugman at his word and found Fannie Mae and Freddie Mac were deeply [...]

By: Fannie-Freddie Knee-Deep in Subprime Mortgages » The American Mind

Fannie-Freddie Knee-Deep in Subprime Mortgages » The American Mind — Tue, 15 Jul 2008 23:23:48 +0000

[...] Conn Carroll didn’t take Paul Krugman at his word and found Fannie Mae and Freddie Mac were deeply involved in the subprime mortgage market. From the Washington Post: In 2003, the two bought $81 billion in subprime securities. In 2004, they purchased $175 billion — 44 percent of the market. In 2005, they bought $169 billion, or 33 percent. In 2006, they cut back to $90 billion, or 20 percent. Generally, Freddie purchased more than Fannie and relied more heavily on the securities to meet goals. [...]

By: Right Voices » Blog Archive » Who Does Paul Krugman Think He’s Fooling?

Tue, 15 Jul 2008 17:39:36 +0000

[...] Krugman must like to throw it out there just to see what sticks Bookmark to: Tags: Fannie, Mae,, , Freddie, Mac,, Paul, Krugman [...]