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Tuesday, December 6, 2016

Did Fannie And Freddie Really Cause The Financial Crisis?

Jonathan Weil disputes the notion that Fannie Mae and Freddie Mac were the sole actors responsible for the 2008 financial crisis in his column, Financial Crisis Narrative Flunks Reality Check:”

If you and I were in a bar together, and you suffered a nasty bump on your head when I accidentally whacked you with a pool cue, there probably would be no disputing that my action caused your harm. But for my careless swing of the stick, the injury wouldn’t have happened.

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