Obviously opinions can differ here, but what happened in 2007-2008 was in my view a lesson on what happens when you ignore the inherent risk of lending money to

Obviously opinions can differ here, but what happened in 2007-2008 was in my view a lesson on what happens when you ignore the inherent risk of lending money to a private actor. Mortgage originators and a whole slew of investors ignored those risks in an effort to chase returns; Fannie and Freddie ignored those risks as a matter of charter. They both ended up in more-or-less the same spot.