http://www.fanniemae.../loanlimits.jhtml

Again, the issue was securitization of ARMS and liar loans and all the rest that the GSEs couldn't play in.

Wall Street was playing with bundled mortgages as securities in the 1970s. The GSEs didn't somehow force them in or "legitimize" the market after 2005. Buying into the notion that the GSEs were "equally at fault" or "just as bad" is as Wall Street in blowing up the mortgage and housing market in the US is as contrafactual as the noise about ACORN stealing elections.

HTH.

Cheers,
Scott.