Blame Fannie Mae and Congress for the Credit Mess

Charles W. Calomiris and Peter J. Wallison do an excellent job explaining how the complicity of certain government sponspored entreprises (aka GSE’s, aka Fannie Mae and Freddie Mac) during the course of the past 5 years are largely responsible for the Financial Crisis of 2008. See today’s Wall Street Journal article entitled “Blame Fannie Mae and Congress for the Credit Mess”.

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