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Private Sector Sparked Subprime Crisis: Fed

Liberal housing policy wasn't at fault—risky betting was

By Gabriel Winant, Newser User

Posted Oct 12, 2008 9:12 PM CDT

(Newser) – A talk radio campaign blaming the credit crisis on lower-class Americans is up against new federal data, McClatchy reports. Critics argue that government-backed Fannie Mae and Freddie Mac, pushed by Clinton policies, gave subprime mortgages to minority Americans who could not afford homes. But 84%... Read full story »

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Private Sector Sparked Subprime Crisis: Fed

Liberal housing policy wasn't at fault—risky betting was

Freddie Mac • Fannie Mae • subprime crisis

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More Newser Stories

SEC Poised to Charge Fannie, Freddie Execs

But regulatory agency disagrees, and nothing has yet been filed

Don't Blame Fannie for Mess

Wall Street, banks, and government also at fault

Fannie, Freddie Brushed Off Subprime Warnings

Companies ignored risk experts for years

Treasury May Lower Mortgage Rates to 4.5%

Rates could go as low as 4.5% to curb falling home prices

Fannie, Freddie Will Stop Foreclosures Over Holidays

Some 16K affected by pause

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