half butter. half salt. » bailout http://www.halfbutterhalfsalt.com adventures in my life and yours Mon, 14 Dec 2009 05:56:55 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 So was it fraud or incompetence? http://www.halfbutterhalfsalt.com/2008/09/29/so-was-it-fraud-or-incompetence/ http://www.halfbutterhalfsalt.com/2008/09/29/so-was-it-fraud-or-incompetence/#comments Mon, 29 Sep 2008 18:04:01 +0000 jswesey http://www.halfbutterhalfsalt.com/?p=34 With Enron, we knew right away it was outright fraud. With the financial collapse, incompetency seems to be playing a role. Here’s the latest news bit on subpoenas and probes starting at Fannie Mae and Freddie Mac.

What do you think? Did we really let people who didn’t know what was going on head up two of the largest mortgage financiers in the world? Or did they know and play along in the name of greed?

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