Tag Archives: Fannie Mae

The Community Reinvestment Act of 1977 lives on

FRONT PAGE MAG Obamanomics in Catastrophic Action by John Perazzo January 22, 2016 Remember a few years ago, when the American housing market collapsed as a direct result of government policies that—in the name of racial justice—pressured banks to approve … Continue reading

Posted in Politics | Tagged , , , | Leave a comment

The Big Short leaves out role of Fannie Mae and others

WALL STREET JOURNAL What the ‘Big Short’ Movie Gets Right—and Wrong—About the Financial Crisis by Greg Ip December 11, 2015 …Viewers get an entertaining lesson in the financial engineering behind the mortgage bubble, such as how mortgage-backed securities are constructed … Continue reading

Posted in Everything else, Politics | Tagged , , , , , , | Leave a comment