Fannie Mae Eases Credit To Aid Mortgage Lending - Sept. 30, 1999

Why are we having a home value based economic failure?

I wonder if this has something to do with it...

Remember, this article is from 1999 - note the below paragraph:

"In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's."

There needs to be a balance between social support and free markets. To much in either direction causes issues as we know the limitations of human beings. This isn't fully eh fault of Democrats or Republicans, but definitely the fault of both of them.