What part of Fannie Mae and Freddie Mac don't you understand?
Some people are pretty incredulous at the causality cited in this chart. This I find very amusing. What part of it do you deny? That these things happened, or that they had any effect on the market?
Heavy lobbying by Fannie Mae and Freddie Mac congress critters and power-lusting bureaucrats:
( Video link.)
More on what's happening to our beloved, usually-more-responsible, always-a-net-blessing, at-least-partially-free capitalist system. And a note on media coverage by the same author as the previous link, boffo. Thanks, boffo.
You can't blame the free market system (I don't mean the particular bankers, but free market principles) when the free market system was being raped at the time.
Heavy lobbying by Fannie Mae and Freddie Mac congress critters and power-lusting bureaucrats:
( Video link.)
More on what's happening to our beloved, usually-more-responsible, always-a-net-blessing, at-least-partially-free capitalist system. And a note on media coverage by the same author as the previous link, boffo. Thanks, boffo.
You can't blame the free market system (I don't mean the particular bankers, but free market principles) when the free market system was being raped at the time.