Quote:http://www.washingtonpost.com/business/w...ory_1.html


 

 

No one's arguing for a deregulated market, he's creating a false narrative and tearing it down.

 

The Federal Government created the subprime mortgage market with Fannie Mae and Freddie Mack then turned a blind eye to the wild abuse by the investment banks. That's the point people have been making, the whole "we have to make housing affordable for the poor" argument is the reason we had a subprime mortgage to abuse in the first place.

 

You want the hard truth, the hard truth is poor people shouldn't own homes and it's why they didn't own homes prior to federal involvement.

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