Fannie and Freddie as “Greater Fools”

Thomas A. Lambert October 18, 2008

Truth on the Market View Original Source

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Today’s New York Times features an op-ed by Michigan Law Professor Michael Barr and former Clinton advisor Gene Sperling that (somewhat predictably) blames our current financial mess on a lack of “common sense regulation” and exonerates the Community Reinvestment Act, Fannie Mae, and Freddie Mac.

Read the full piece here.