Liberals Claim “Private sector loans, not Fannie or Freddie, triggered crisis”

By: quill67 (Diary)  |  October 12th at 03:56 PM  | 

The article below claims that Fannie and Freddie were not responsible because 1) “84% of subprime mortgages were issued by private lending institutions.” 2) “Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.” To point 1) Here is what this misses. The private sector issued these loans and then Fannie and | Read More »