Should Washington get out of the affordable housing business?
Eager lenders and under-qualified borrowers helped inflate the housing bubble that led to the economic collapse. We discuss what role government had in inflating the bubble, the current state of Fannie and Freddie, and the future of the "ownership society."
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Wednesday, August 22, 2012
A Brian Lehrer Show call-in for how the experience of buying and owning a house has shaped your politics - from zoning to taxes to government support and more.
Thursday, February 17, 2011
Ultimately, because they were a profit making organization they decided to try to regain market share, drive up profits, drive up compensation. They joined the party late and unfortunately in the late stages of the crisis they bought a significant amount of subprime securities. But even then they peaked, they never bought more than 28 percent of the subprime mortgage backed securities on the market. So they helped inflate the housing boom, they added helium to the balloon, but they were not the primary drivers.
—Phil Angelides Financial Crisis Inquiry Commission chairman, on The Brian Lehrer Show.