So it was Fannie and Freddie that made it so Greece is about to default on it's debt? No, it was deregulation which was ALWAYS preached about by REPUBLICANS. I haven't heard ONE Republican talk about deregulation since 2008. They ran as fast as they could from that idea. BTW, the total value of ALL subprime mortgage real estate in the US is 350 billion. Assuming that they all lost 50% of it's value, it would have only required 175 billion to fix the subprime problem, right? And you call me an idiot? LOL.