Sunday, November 23, 2008

Deregulation behind the massive financial crisis

No, it wasn't Fannie and Freddie.  Alan Greenspan (who owns a lot of blame for the mess), the SEC chairman and John Snow agree it wasn't them.  Fannie and Freddie weren't even securitizing those mortgages in large numbers until 2005.

Wonk Room » The Perino Challenge: ‘What Specific Regulation Did We Eliminate?’  Lists several key ones.
Think Progress » Cox, Greenspan, Snow Agree: Freddie Mac And Fannie Mae Did Not Cause The Financial Crisis

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