Archive | September 8, 2008

Affordable lending is not to blame for the demise of Fannie and Freddie

Floyd Norris, writing in Sunday’s New York Times, lays the blame for the government takeover of Fannie Mae and Freddie Mac to their attempt to serve two masters, “…the investors who put up capital and a government that wanted to help the housing industry and extend home ownership.” Norris specifically blames the affordable housing goals [...]

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