How We Got Here

Michael F. · Oct 10, 2008

New York Times article from 1999 on Fannie Mae.
http://query.nytimes.com/gst/fullpa...933A0575AC0A96F958260&sec=&spon=&pagewanted=1

2003 Article from New York Times.
http://query.nytimes.com/gst/fullpa...2575AC0A9659C8B63&sec=&spon=&pagewanted=print

DConCT · Oct 10, 2008

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

''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.''
Click to expand...

oops.

Log in or Sign up

How We Got Here

Michael F. Moderator/1st CC Member Registered Member

DConCT CC's SB Godfather Registered Member