Rep Cmte Financial Services
INFOGRAPHIC: The Government Housing Policy-Driven Fall of Fannie Mae & Freddie Mac
Washington, Mar 7 -
Many of the interest groups that directly benefit from large subsidizations in the housing market continue to state that Fannie and Freddie fell victim to the bad private market participants. This suggestion is completely false. It was government housing policy, coupled with loose money from the Federal Reserve, that caused the housing bubble and those are the areas where we must focus reform.