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Don't Blame Fannie for Mess

Wall Street, banks, and government also at fault

By Victoria Floethe, Newser User

Posted Jan 5, 2009 9:11 AM CST

(Newser) – Fannie Mae and Freddie Mac, the "toxic twin" housing financing behemoths blamed for setting the world on fire, were not operating any differently than the entire financial sector, Bethany McLean writes in Vanity Fair. McLean documents Fannie Mae's history starting from conception in FDR's... Read full story »

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Don't Blame Fannie for Mess

Wall Street, banks, and government also at fault

recession • takeover • Freddie Mac • Fannie Mae • housing crisis • subprime crisis • financial crisis • Federal Housing Finance Agency

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More Newser Stories

SEC Poised to Charge Fannie, Freddie Execs

But regulatory agency disagrees, and nothing has yet been filed

Fannie, Freddie Will Stop Foreclosures Over Holidays

Some 16K affected by pause

Fannie, Freddie Deal May Ease Rates, Cut Foreclosures

Federal takeover may help refresh housing market as dust settles

Fannie-Freddie Merger: The Math Adds Up

As both companies plummet, combining them might make sense

Greenspan: Housing Will Hit Bottom in 2009

Skilled immigrants would help end slump, he says

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