Contributing Member of the Legal, Economic & Regulatory Affairs Councils

Names and details of certain GLG News authors are available only to GLG Clients and Council Members. GLG News authors are subject-matter experts within the GLG Councils and are available for expert consulting - by phone, in-person, or written analysis. To find out how to become a GLG client or Council Member, click here.

GLG News by this Author

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

GLG News is now G+ Insights

G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.

Mandated low income lending create the housing crisis.

March 30, 2009

Analysis of:Did the Fed Cause the Housing Bubble? | online.wsj.com

The Clinton administration and Congress required lenders to increase lending in low income neighborhoods and mandated that Fannie Mae and Freddie Mac guarantee those loans. Faced with toxic assests, the lenders and Wall Street created "mortgage backed securities" to pass the risk on. The rest is history.

Page : 11 to 1 of 1

Subscribe to Updates

By RSS