Feb 24 2009
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Fannie Mae Eases Credit To Aid Mortgage Lending (1999)
It’s incredible to read this article from 10 years ago and then realize that this was one of the first steps that got us into the economic mess we are in right now. Politicians make decisions with short-term view points (winning them votes) and don’t consider the long-term ramifications of their actions. It doesn’t matter how good an idea “feels” on the surface if its result will be the opposite of the intended effect. I hope people learn from this.
