>There has been much finger-pointing at Fannie Mae and Freddie Mac, the two huge mortgage lenders, which were originally government-owned. But in fact they came late to the subprime game, and their problem was similar to that of the private sector: their C.E.O.’s had the same perverse incentive to indulge in gambling.<
written by democrats that want to free the clinton admin, fd raines, jamie gorelich, barney frank, chucky schumer, chris dodd et al from blame