Posted on 09/29/2008 1:22:03 PM PDT by WOBBLY BOB
Many observers blame the current financial crisis on a breakdown of private markets. A more careful look shows that government policy, step by step, led to the current crisis.
First, Fannie Mae and Freddie Mac were created to help provide mortgages for people who didn’t qualify for conventional mortgages. As government-sponsored enterprises (GSE), they rapidly grew to where their debt was nearly half the size of the federal government’s debt.
(Excerpt) Read more at americanexperiment.org ...
I won’t be adding this one to my collection:
http://findarticles.com/p/articles/mi_m1282/is_n25_v45/ai_14779796
http://www.freerepublic.com/focus/f-news/1965239/posts
http://www.ibdeditorials.com/IBDArticles.aspx?id=306978378974502
http://www.ibdeditorials.com/IBDArticles.aspx?id=307149667289804&kw=cra
http://www.freerepublic.com/focus/f-news/2088795/posts
http://www.americanthinker.com/2008/09/the_financial_mess_how_we_got.html
http://www.freerepublic.com/focus/f-news/2092987/posts
http://www.freerepublic.com/focus/f-news/2093289/posts
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