Archive | October 6, 2008

The big lie about the role of affordable lending goals in the collapse of Fannie Mae

The Big Lie:  Fannie Mae collapsed because of Congressional affordable housing goals and this, in turn, was the cause of the Wall Street collapse that resulted in the $700 billion federal bailout. The Big Lie has been spreading very rapidly through several sources: an oversimplification of the story by the mainstream media (see, for example, [...]

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