The phony loans were an election scheme for Bush's run in 2004. If everyone has a home, whether they can afford it or not; they are happy with the politicians who facilitated the purchase. Freddie, which was a public and US Government corporation, stopped filing with the SEC in 2003. That action is criminal under SEC rules, yet it happened as it would have revealed the full extent of the sub-prime loans which it had created and purchased from Wall Street banks. Bush was covering his method of influencing the electorate.
Al-Qaida mourns killing of senior commander in Yemen (Reuters)