Sunday, October 5, 2008

Article: Fannie Mae's story on the Bailout.

I came across this excellent article that that describes how Fannie Mae failed. I find it interesting that there were a lot of players involved in the story, even congress, who put a lot of pressure Fannie Mae and Freddie Mac to buy risky loans which ultimately failed.

The media seems to point the blame to Fannie/Freddie for popping the housing market bubble while this article shows that Fannie and Freddie were being pretty much threatened to pop the bubble. The article is 4 pages long and pretty easy to read. Let me know your thoughts.

Lance.

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