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the free market caused banks to take bad loans knowing that they could turn around and sell these loans to fannie mae and freddie mac who were taking all these
by nazgulnarsil 18y ago
the free market caused banks to take bad loans knowing that they could turn around and sell these loans to fannie mae and freddie mac who were taking all these bad loans because they knew that the government would not allow them to fail?
no I stand by the free market, problems pop up when corporations collude with the government. bailouts are socialism for the rich.