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FORUM « At policyholders' expense | Ohio's reform-tolerant Supreme Court, in the balance » August 20, 2008"Redlining" and the subprime bubble, cont'd A failure of the free market? Not exactly (via Bader, emphasis added): Internal documents show that even late in the housing bubble, [federal-government-sponsored] Fannie Mae was drawn to risky loans by a variety of temptations, including the desire to increase its market share and fulfill government quotas for the support of low-income borrowers.Posted by Walter Olson at 1:38 PM | TrackBack (0) |
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Published by the Manhattan Institute
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