Mortgage Crisis

Fannie & Freddie Mac & CRA didn’t cause the Mortgage Crisis

The busting of the housing bubble has been met with much finger-pointing.  Advocates of smaller government and an unfettered free market have been quick to blame Fannie & Freddie and the Community Reinvestment Act, claiming that this is ‘another example’ of government incompetence.  The argument of course, is that Fannie & Freddie (nationalized banks) made bad […]