ok. let's address Fannie and Freddie as well as the so called "private" TBTF financial entities. agreed?No I support identifying and then addressing the issues that led to the 2008 Subprime mortgage crisis, not diverting attention away because its Politically inconvenient for one Political party.
The GSEs were tax exempt, exempt from SEC reporting requirements, had access to a 4 Billion dollar line of credit straight from the US Treasury that NO Bank could touch , had a " AAA " debt status, could run their business with almost no equity or Capital requirements and were the single largest purchaser of both Securities backed by Subprime loans and Subprime loans themselves.
They created demand for a toxic product, they distributed TRILLIONS in Securities backed by Subprime loans and they purchased Trillions in Subprime loans and Securities and they were being run like ENRON on steroids.
The GSEs hid over a Trillion dollars in Subprime debt while they were the primary consumer of Securities backed by Subprime loans amd while they were getting Billions of dollars straight from the US Treasury. ( 2011 SEC investigation )
There's a word for that. Its called Securities fraud. In this case it was unprecedented securities fraud.
There's a good reason they were the only two Financial entities that were charged and investigated by the SEC.
I haven't heard Bernie Sanders or Elizabeth Warren address this ONCE.
While they perpetuate this " too big to fail " narrative and whine about Bailouts, over 5 Trillion dollars in GSE debt now sits on the books of the Treasury while the US FED buys another 3 Trillion from Banks via QE.
So there's TARP, ( paid back ) and then there's the Trillions in GSE debt that we inherited. I think you guys have your priorities a little mixed up