Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments

No, the affordable housing push didn't cause the subprime crisis AND it's not Barney Frank's fault either

Quicklink submitted By       Message Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

Author 5
Become a Fan
  (9 fans)
It's one of the biggest misconceptions about the housing crisis: the belief that the government's policies to promote affordable housing -- particularly through Fannie Mae and Freddie Mac -- fanned the flames of the subprime mortgage market, ultimately bringing down the entire economy.

In fact, a growing body of independent research confirms that it wasn't the affordable housing mandate that led to the proliferation of risky mortgages. And the most recent evidence comes from the St. Louis Federal Reserve Bank.

Read the rest of the story HERE:


- Advertisement -
- Advertisement -