Because he was warning Congress that there was problems down the roads, especially with Fannie Mae and Freddie Mac.

因为他之前就向国会发出警告,说现行做法存在问题，特别是房地美和房利美。

斯坦福公开课 - 经济学课程节选

Fannie Mae and Freddie Mac what did they do and what role did they play?

房地美和房利美,这两家公司的职能是什么？

斯坦福公开课 - 经济学课程节选

so ta retail bank sells the mortgage and then the retail banks flips it to Fannie Mae and Freddie Mac which essentially package huge numbers of the mortgages across the countries.

所以商业零售银行发行贷款，they…,然后商业零售银行将贷款转手,卖给房地美和房利美,事实上是收集了,大量的,全国的房贷。

斯坦福公开课 - 经济学课程节选

In other words, banks may lend to you or to me re risky borrowers but they sell the mortgages to Fannie Mae or Freddie Mac they get their money right then and there.

换句话说，银行可能借钱给我们,知道我们的信用度不高，knowing，that，we’,但是银行把贷款卖给,房地美和房利美,转手就拿到现钱。

斯坦福公开课 - 经济学课程节选

You can argue that the government, largely in person of Barney Frank messes things up by encouraging Fannie Mae and Freddie Mac to make a market of loans t really have been made in the first place.

您可以说政府，尤指巴尼，弗兰克本人,让事情变得糟糕,他鼓励房利美和房地美,为贷款创造市场,他们实属不应该，they，shouldn’,设计这样的贷款。

斯坦福公开课 - 经济学课程节选