@RepHensarling @FinancialCmte "Free Market" blew up the housing market, but who cares about facts?
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@FinancialCmte Well? Care to defend your position or do I just presume you're a stooge for Jamie Dimon?
@flocktard The suggestion that Fan & Fred fell victim to the bad private market participants is completely false. http://go.usa.gov/26Ud
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@FinancialCmte Nice chart, but total BS. Here's where you go wrong: http://research.stlouisfed.org/fred2/series/DRSFRMACBS …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@FinancialCmte These "misguided policies" commenced in 1996. And yet, there is no increase in deliquencies until the economy crashed.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@FinancialCmte Can you explain that? How do policies created in 1996 create delinquencies a DOZEN years later? -
@FinancialCmte BTW: do you know what a "seasoned loan" is? (That's an inside joke for the lurkers)
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@FinancialCmte Also by way of explanation on the St. Louis Fed chart. Default rate on GSE loans topped out at 6%. Non-agency loans at 28%.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@FinancialCmte So your supposition that "Fan & Fred falling victim to the bad private market" would be TRUE, not false. OK? Do you get that?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@FinancialCmte Well, do you "experts" have an explanation for the St. Louis Fed default chart? There's a LOT more I can teach you. -
@FinancialCmte One of many- and surely not the largest: http://therealdeal.com/blog/2013/07/26/ubs-to-pay-885m-to-end-fannie-freddie-rmbs-case/ …
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@FinancialCmte I hope you intend to defend your position on Monday. Look at the FRED chart again: delinquencies actually DECREASED post '96 -
@FinancialCmte I would like you to explain how these ostensibly reckless policies undertaken by "pushed" banks did that. You have the floor.
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