Quote:
Originally Posted by CJFusco
...isn't the recent mortgage crisis seen by many to be the manifestation of a LACK of restrictions upon a market?
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The EXACT opposite is true. In a free market, no bank would dare make sub-prime loans to folks who couldn't afford them. Congress used Fannie and Freddie as a tool to allow poor people home ownership. Congress forced the relaxation in lending standards to pursue "equality" in housing. Without this government interference, Fannie and Freddie would never have failed.