Quote Originally Posted by maladroit
how was the competitive market affected by the GSE's? it seemed like the private financial institutions had all the business they could handle and then some...wouldn't the subprime crisis have happened anyway even if fannie and freddie were completely privatized in 2000?
Did you pay attention to the bold?

Dr. Paul stated over five years ago:

I hope todays hearing sheds light on how special privilidges granted to GSE's distort the housing market and endanger the American taxpayer. Congress should act to remove taxpayer support from the housing GSE's before the bubble bursts and taxpayers are once again forced to bail out investors who were misled by foolish government interference in the market.