Tuesday, September 23, 2008

Really is'nt Bush's fault

NYT 1999
"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. . . .

John Lott's Website: Even the NY Times understood that this meltdown was going to occur 10 years ago

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