Quote:
Originally Posted by Willravel
There's no surface about it, as regulation of Fannie and Freddie decreased, corruption and incompetence increased.
|
Perhaps there is. Perhaps increased regulation lead to the problems at Fannie Mae. Here is a tidbit, perhaps an inquiring mind would want to dig into regarding your position on the issue.
Quote:
|
Still thinking government isn’t to blame for the economic fiasco we find ourselves in? Consider that in 2004 (via Russell Roberts) the politicians in Washington DC were patting themselves on the back for pressuring Fannie Mae into going back to 95% financing of cheap, manufactured homes.
|
HUD Forced Fannie Mae/Freddie Mac To Increase Loans For Mobile Homes - Say Anything
You may argue, oh that's nothing, just a blip. But I argue the blips add up, and clearly Washington was involved in directing some of Fannie Mae activities, even during the time you would argue regulation and oversight was getting lax.