All I need to know about the subprime mess
Posted in economy, Government, politics on Oct 6th, 2008
Article from 1999 in the NY Times (emphasis mine). Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. It sucks because Fannie Mae […]