The Almost-Averted Crisis

Looks like Democrats put the kibosh on a plan to oversee Fannie and Freddie a few years ago. May have averted some of this crisis. Though not the greater crisis because that was the work of agencies outside of Freddie and Fannie. Without them, the GSEs may have been fine. Maybe not. But this is a very interesting development. I've also read that President Clinton, by expanding Freddie & Fannie led to this entire crisis. A little far fetch since it was during the Bush presidency that the two (and the subprime industry) was allowed to fester and boil over.

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