Whose fault was the housing crash? In part, Fannie and - TopicsExpress

Whose fault was the housing crash? In part, Fannie and Freddie. "Some like to point out that subprime was the real problem and that Fannie and Freddie did not guarantee subprime loans. While that is technically true, they were the biggest buyers of these [subprime] loans in the secondary market. In fact, without their lavish appetites, far fewer subprime loans would have been originated." - Peter Schiff, "The Real Crash" page 46

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