Interesting – the real estate collapse wasn’t caused by Fannie and Freddie

20 02 2009

Interesting analysis. As it turns out it was Wall Street’s involvement in creating subprime mortgages that created the bubble and toxic subprimes.  Not so much Fannie and Freddie Mac.  By the end financial institutions owned a far larger portion of the market.

Complicated charts made by boy geniuses to follow:


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