Comments on: Debating the President’s Portsmouth pitch (part 16) http://keithhennessey.com/2009/08/13/portsmouth-16/ Your guide to American economic policy Sun, 14 Mar 2010 16:17:34 -0400 http://wordpress.org/?v=abc hourly 1 By: John Hempton http://keithhennessey.com/2009/08/13/portsmouth-16/comment-page-1/#comment-6649 John Hempton Mon, 17 Aug 2009 07:50:46 +0000 http://keithhennessey.com/?p=4285#comment-6649 Fannie Mae and Freddie Mac crowded out private firms in the mortgage securitization business because they had government-provided advantages. --- I strongly disagree with this statement. It is simply contradicted by the facts. Fannie and Freddie lost share for five straight years to private players. The low credit standards of the private players crowded out Fannie and Freddie. <div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6649','John Hempton'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('6649','John Hempton','Fannie Mae and Freddie Mac crowded out private firms in the mortgage securitization business because they had government-provided advantages. \n \n--- \n \nI strongly disagree with this statement. It is simply contradicted by the facts. \n \nFannie and Freddie lost share for five straight years to private players. \n \nThe low credit standards of the private players crowded out Fannie and Freddie. '); return false;">Quote</a></div> Fannie Mae and Freddie Mac crowded out private firms in the mortgage securitization business because they had government-provided advantages.

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I strongly disagree with this statement. It is simply contradicted by the facts.

Fannie and Freddie lost share for five straight years to private players.

The low credit standards of the private players crowded out Fannie and Freddie.

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