02-24-2016, 10:59 PM
(02-24-2016, 10:53 PM)michaelsean Wrote: No they didn't. And they can hang a lot of what allowed it to happen on her husband and Robert Rubin.
Yes, I am pretty sure they did.
In the 90's EVERYONE thought Fannie Mae was a good idea. When Bush took office and the Republicans took control of congress they still agreed that promoting home ownership through programs like Fannie Mae was a good idea. There may have been a few individuals ringing an alarm, but the main perty positions were in favor of Fannie Mae.
If the Republicans try to blame the economic collapse on something that was in place while they were in control for 8 years they are just making themselves look stupid.
And finally it is not correct to blame Fannie Mae when there were all sorts of other private lenders making risky unsecured loans.
