Slate has a good rundown of why Fannie and Freddie are symptoms of the current financial meltdown, not the cause. To borrow from publius’ summation: essentially, “it’s not risky to lend to minority families, it’s risky to lend to rich white people.” Taste the snark: I await the Krauthammer column in which he points out [...]
Archive for October 10th, 2008
On the Fannie/Freddie/CRA Myth
Posted in Economics, News & Current Events on October 10, 2008 | 4 Comments »
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