On 2011-06-13 3:33 PM, John Levine wrote:
Until very late in the bubble, Fanny and Freddy bought only
conventional prime fixed rate loans, so it was roaring along without
their help
In 1992, Fanny and Freddy got tasked with affordable housing for the
poor, and immediately dropped their standar
On Mon, Jun 13, 2011 at 12:33 AM, John Levine wrote:
> Sigh. This is both unrelated to crypto, and just plain factually
True, so I'll drop it.
> wrong (although it is considered gospel in some political circles.)
There's much to debate here that doesn't belong on this list. I'll
allow you the
> ... I don't think it's fair to blame private financial institutions
>for the ill-effects of an ill-advised government plan to subsidize
>housing ownership by individuals. Without Frannie, CRA, or anything
>of the sort I don't think we'd have seen the degree of
>financialization of housing that w
