New York Times Fannie Mae article 1999

[Trijack]

Good article on subprime loans.

http://www.snopes.com/politics/business/easescredit.asp

[boxcar]

Yup, the Times nailed it. What's really funny about the article is that Times didn't hesitate to write this piece because who in their right mind would have ever thought that a "few" unqualified home buyers would wreak such havoc in the marketplace? Oh, yeah a possible future bail out was foreseen, but they were so glib about it. After all, who would have ever guessed the sheer size of it!?

Boxcar
P.S. Aren't all you libs tickled pink that this all started happening on Clinton's watch!?