It is worse, the finance committee democrats KNEW they could not pass a federal funding of “house freebie give aways” so they force the banks to loan and then force fannie nad freddie to buy the notes on those freebie homes.
Essentially a backdoor funding by barney frank (sarcasm off)
Its been going on since 1977 and the CRA that Jimmah Carter and a Democrat congress passed. Thats the foundation of this whole mess.
“Essentially a backdoor funding by barney frank”
That has so many nightmarish visions....