“Fannie Mae and Freddie Mac are the problem not the solution. Innovative lending products are the problem not the solution. 300+ Congressional bills to make housing affordable is the problem not the solution. Repeatedly bailing out the markets is the problem not the solution. Creative thinking sponsored by the Fed and embraced by both Greenspan and Bernanke is the problem not the solution. Greenspan embracing ARMs and derivatives is the problem not the solution. Being “Ready and Willing to Act” is the problem not the solution…”

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