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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (229027)	8/9/2013 10:57:43 AM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 542936

One more from Mark Thomas, with links to still more articles on whether it was Fannie, Freddie or the CRA: What we have here in this article is dueling ideological political theorists (Palin and Thomas) who are trying, or not trying, to to assign blame for the mortgage crisis. A more telling statistic for me would be what part of the sub-prime loans, on a percentage basis of the sub-prime loans made, did Fannie and Freddie assume. I understand that there is a liberal line of argument that exculpates liberal sponsored legislation for this mess (just like their is a conservative line of argument that blames this legislation), but the key point for me is whether or not Fannie or Freddie was under some mandated requirement to participate in the subprime market. I don't want to get into an ideological war about it, I just want to find out that fact. Give me some time and see if I can come with something on this. (The main issue is whether Obama's plan to phase out Fannie and Freddie is/will be beneficial to mortgage loan market by making it less risky--so this sub-argument on F&F's role, or lack of one, in the mortgage crisis is only germane as it relates to Obama's plan. )