Fannie and Freddie - I'm Not So Trustful of Private Industry in This Field

"I'm not very trustful of private industry in this field," he says. "When private industry was allowed to take over pretty much the whole field, we got the biggest bunch of thieves and idiots that you can imagine screwing up the whole system" He thinks Fannie and Freddie are being pretty conservative; they're making almost all the home loans. 'If Freddie and Fannie had stuck to ensuring mortgages and not become the biggest hedge funds'