cfal

Did Lack of Regulation Create the Subprime Mortgage Crisis?

All that is being accomplished is to kick the can down the road. Until Fannie and Freddie are reorganized and stripped of all implied government backing the problem cannot be solved. Further, the CRA needs to be revisted. Home ownership is not an entiltlement. The Federal government has used Fannie, Freddie and the CRA a welfare programs. Further, Fannie and Freddie and their officers should be held to the same standards as public companies. Enron officials went to prison for cooking their books. These officers received large