by Lawrence H. White
The Conversation
December 18th, 2008
Brad DeLong rejects “the claim that the crash in the mortgage market was in some sense the fault of excessively risky lending by the GSEs Fannie Mae and Freddie Mac which pulled the private sector along behind them,” based on the observation that “Fannie Mae and Freddie Mac lost market share as all the loans [...]
Read: The GSE Supply Curve for Nonprime Products Kept Shifting to the Right
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