Romneymania keeps sweeping America.

[Brittain33]

Making irresponsible sub-prime loans was hugely profitable for companies. Small banks led the way and big banks followed, with Fannie Mae and Freddie Mac bringing up the rear. Banks had a license to print money through fees and commissions, and they used it. That's why CRA and "other tools" didn't enter into the equation.

[Brittain33]

Making irresponsible sub-prime loans was hugely profitable for companies.

You're right, but think about this:  In a free market, doesn't this sound crazy?

"Making irresponsible sub-prime loans was hugely profitable for companies."

We all know the REASON why the "irresponsible sub-prime loans were HUGELY PROFITABLE", but it seems we can't face it:  The irresponsible government guarantees.

Tell us more how that works, with specifics as to the guarantees.

[Brittain33]

Fannie Mae and Freddie Mac got into the subprime game late, long after the market was established. Other players got in first and made a killing.