Economics

Dems Get it Wrong on Mortgage Crisis

September 27, 2008
By AFN

Wall Street Journal SEPTEMBER 23, 2008 Many monumental errors and misjudgments contributed to the acute financial turmoil in which we now find ourselves. Nevertheless, the vast accumulation of toxic mortgage debt that poisoned the global financial system was driven by the aggressive buying of subprime and Alt-A mortgages, and mortgage-backed securities, by Fannie Mae...
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