December 16th, 2010
Washington (McClatchy): (Article appeared October 8, 2008.) There is a conservative campaign on talk radio, television and e-mail that blames the global financial crisis on a government push to make housing more affordable to lower-class Americans. Commentators say that's what triggered the financial crisis. They've specifically targeted the mortgage finance giants Fannie Mae and Freddie Mac, contending that lending to poor and minority Americans caused Fannie's and Freddie's financial problems. Follow up:
Here is a table from the McClatchy article:
Hat tip to Barry Ritholtz at The Big Picture.