Talk:Federal Housing Enterprises Financial Safety and Soundness Act of 1992
Latest comment: 9 years ago by Rwinkel in topic Key milestone in the housing bubble
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Key milestone in the housing bubble
editThis act deserves more attention since it forced fannie mae and freddie mac to purchase subprime mortgages, relieving predatory lenders of financial liability for their malfeasance. In combination with GWBush's nation-wide obstruction of state investigations into predatory lending http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html , which relieved them of legal liability as well, the stage was set for massive fraud. Rwinkel (talk) 03:40, 2 July 2015 (UTC)