Financial Crisis Was ‘Avoidable,’ Inquiry Concludes - Casting wide blame, a Congressional inquiry said bankers and regulators could have seen the 2008 crisis coming and stopped it.
The 6 Democrats approved the final draft of the report while the 4 Republicans dissent. The final report concludes that Fannie Mae and Freddie Mac contributed to the crisis, but were not the primary cause. Republicans disagree and say that government policies to promote homeownership were a primary cause.
US Rep Hensarling To Reintroduce Bill On Fannie, Freddie Wind Down
My goal is to get Fannie and Freddie off of the taxpayer dime. We have to have a housing-finance system that keeps taxpayers from bailing out failed institutions…
Cool. Jeb Hensarling is my hero. Although the bill will likely be shot down again, I admire his persistence.
