“ In an effort to promote affordable home ownership for minorities and rural whites, the Department of Housing and Urban Development set targets for Fannie and Freddie in 1992 to purchase low-income loans for sale into the secondary market that eventually reached this number: 52 percent of loans given to low-to moderate-income families.
Private sector loans, not Fannie or Freddie, triggered crisis - bubble triggered the crisis, but F & F instigate the bubble, imo
Ben's Place
These posts are from my feeds, but filtered a bit.
Recent Work
Affiliations
WWRoR, Please recommend me!
I occasionally blog at The Whiny Nil
