I've documented lots of times here how Fannie and Freddie, not free-market entities but government-sponsored enterprises, were the fuel to this whole credit fire that burned down the financial war. They provided about $6 TRILLION in loans, and now we now significant parts of that were to borrowers who ere less than stellar, but received these loans in the name of "affordable housing".
We Told ya...
Under Clinton, Welfare Counted as Income for A Home Loan
(that last one has several other links as well).
Now the Republicans have finally come out with a good attack ad that shows the dem's defense of Fannie and Freddie...
[hat tip: instapundit]
More at The Pantheon Journal.
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