All Posts Tagged With: "subprime mortgage market"
It Takes a Government to Inflate a Housing Bubble
If you want to fully appreciate government’s responsibility for the housing bubble and ensuing financial meltdown, see this article by Peter Wallison. Choice quote: Beginning in 1992, the government required Fannie Mae and Freddie Mac to direct a substantial portion of their mortgage financing to borrowers who were at or below the median income in [...]
12Oct2011 | Sheldon Richman | 1 comment | ContinuedGreenspan Should Be Shocked by Risky Lending?
Toward the end of his tenure as Fed chairman in early 2006, Alan Greenspan was the object of praise edging at times into adulation. It came from some unlikely sources. Milton Friedman penned an encomium for Greenspan in the pages of the Wall Street Journal titled, “The Greenspan Story: He Has Set a Standard.” After [...]
2Mar2009 | Gerald P. O'Driscoll, Jr. | 0 comments | Continued-
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