Mortgage loans with low and high risk

posted by
July 14, 2011
by Arnold Kling  
Posted in Commentary

"I feel pretty confident in arguing that Freddie and Fannie could have stopped the housing bubble by holding onto their credit standards of the early 1990's. However, I would not be comfortable attributing their relaxation of credit standards to the affordable housing goals. I think that the management attitude toward risk changed exogenously." (07/14/11)  


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