Well, I guess this is the "problem" with maintaining archives on the web. How prescient it was:
"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits."
and:
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Fannie Mae Eases Credit To Aid Mortgage Lending - New York Times
1999 NY Times Article Revealed True Cause of Current Fannie Mae Crises | NewsBusters.org
So, it looks like the Dems are ulitmately "at fault". Nice job at social/economic experimentation. What would you libs like to screw up next - health care, perhaps???
"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits."
and:
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Fannie Mae Eases Credit To Aid Mortgage Lending - New York Times
1999 NY Times Article Revealed True Cause of Current Fannie Mae Crises | NewsBusters.org
So, it looks like the Dems are ulitmately "at fault". Nice job at social/economic experimentation. What would you libs like to screw up next - health care, perhaps???