Fannie Mae and Freddie Mac are the scapegoat- as secondary mortgage lenders - for the unscrupulous, predatory and risky mortgage loan products marketed to the American people by private banks and other lenders in the primary market. These private lenders have not been held accountable for the fraudulent practices they engaged in that allowed millions of financially unsophisticated and unqualified buyers to enter the housing market, creating an unsustainable bubble. Why is there not a demand for oversight of private secondary lenders, who also contributed to the housing bubble? It was the private lending side that engaged in political rhetoric against Fannie Mae and Freddie Mac ..... accusing them of unfair advantage in "cherry picking" the mortgages they purchased in the secondary market, applying political pressure in defamatory ways that had catastrophic repercussions. The housing meltdown was largely a private lender disaster, created and perpetuated largely by shady private lending practices in both the primary and secondary markets. Responsible lenders, private and quasi-governmental like Fannie Mae and Freddie Mac, homeowners and the rest of the economy were caught in the vortex. How is it that the Wall Street firms that received massive infusions of government money during the crisis are not under the same oversight as Fannie and Freddie?Few people know Fannie and Freddie were among the first to pay back the government following the crisis.