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Fannie and Freddie: a fool?s errand

By Implode-Explode Heavy Industries

"Please respect FT.com's ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.com to buy additional rights or use this link to reference the article - http://www.ft.com/cms/s/2/1ee8e6e6-534b-11e0-86e6-00144feab49a.html#ixzz1HElG7mXh It is comforting to think of the late, calamitous bubble in US subprime real estate as having been caused by greed. If greed were the culprit, Americans could become better people as they grew more solvent. Unfortunately, there is a strong case that sentimentality and social conscience did as much to drive the US economy into a ditch as hard-headedness and lust for profit"

Full post as published by Mortgage Lender Implode-o-Meter on March 21, 2011 (boomark / email).