Furthermore, Mac and Mae’s GSE (government-sponsored enterprise) status made it difficult for others on Wall Street and in the media to understand what exactly Mac and Mae were and how financially involved the U.S. government was in these two companies.

From what I’ve read on other blogs, when Mae and Mac spoke to Congress, they acted like a government agency, when they spoke to Wall Street they acted like a private corporation and when they addressed the public they acted like a charity.

I don’t know where you’re going with the Che Guevara t-shirt reference, but the point I was trying to make is that many liberals (including the stereotypical Che Guevara t-shirt-wearing sort) will automatically blame the current crisis going on in our country’s financial sector is due to deregulation, in other words, too little government intervention. I’m sure you and your relatives did indeed have mortgages from Freddie Mac. Mac and Mae currently have a very large share of the mortgage lending market (50%). I was explaining my theory that it was government intervention that made these two companies so large in the first place and allowed the them to make more mortgages than their competition.

Sorry my rant was so long you couldn’t process every detail. It was much longer, and I thought I did a good job of cutting it down. Oh well.

I don’t wear a Che Guevara tee-shirt but I once had a mortage from Freddie Mac as well as many of my realatives.

Read more about Freddie Mac before writing you next long rant.