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  • Were Fannie and Freddie the Real Enablers of the Housing Bubble?  [View article]
    It is even worse than that. In 2005, Johnson at Fannie initiated a stealth "bribery" (for lack of a better word) campaign to buyoff several Senators of both parties to scuttle the Hagel/Dole/McCain FNM/FRE reform measure (S.190 I believe). That measure was also backed by Bush (who favored greater oversight back in 2003) but, of note, it was opposed by BHO, a huge recipient of FNM/FRE bucks. You can read about it in the excellent NYT series, "The Reckoning", available on-line. Thus, the politicians were the real enablers of this mess that they now purport to want to clean up.


    On Oct 28 08:14 AM Bruce Krasting wrote:

    > Without F/F the insane things that happened in 2005 - 2008 would
    > never have happened. The D.C. lenders are responsible for the mortgage
    > mess.
    Oct 29 10:44 am |Rating: 0 0
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