Dimon says Fannie, Freddie were "accident waiting to happen":

02/11/2011 | Bloomberg

In an interview with the Financial Crisis Inquiry Commission, JPMorgan Chase CEO Jamie Dimon said Fannie Mae and Freddie Mac were "the biggest disasters of all time." In the Oct. 20 interview, Mr. Dimon said the government-sponsored mortgage giants were a leading cause of the financial crisis. "That one was an accident waiting to happen," Mr. Dimon said.

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