Fannie/Freddie did some bad things, and did, it turns out, get to some extent into subprime. But thanks to the accounting scandals, they were actually withdrawing from the market during the height of the housing bubble — the vast majority of the loans now going bad came from the private sector.
Monday, November 17, 2008
Don't Be Hatin' on Fannie and Freddie for the Private Sector's Mistakes
Krugman says Fannie and Freddie have alibis at full bubble expansion:
Posted by S-townMike at 11/17/2008 11:34:00 PM
Labels: Crisis, Ethics, Housing Market, Predatory Lending
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