Prescience at the NYT

Gotta give them credit for this – they sure called it.

Update – to be clear – this is not to say that the changes in Fannie Mae’s behavior alone are responsible for the current situation. Nor to suggest that the bad loans were all made under Clinton’s watch. This is a fiscal perfect storm of irresponsibility, corruption, lack of proper incentives and general blinkered stupidity from all directions.


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