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View Diary: Rubio's big lie: Government created the housing crisis (85 comments)

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  •  there was also fantastic reporting from (2+ / 0-)
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    hnichols, JerryNA

    CNBC, who did a multi-part report on how this developed in the investment banks and hedge funds, resulting in intense demand for shitty mortagages they could package and sell to suckers. The Planet Money crew also did a great series of pieces in 2008 adn 2009, culminating with their purchase of a Toxic Asset and reporting on how it ceased to function at all even after they bought it for 10% of face value.

    ANYBODY claiming Fannie & Freddie caused the financial crisis of 2008 knows they are pushing a lie.

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