NY Times... 1999 - 9 years ago
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
... things that make me go... huh....aha
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I know. Everyone is playing the blame game but the truth is there is enough to go around everywhere. Except you know what I don't get? I don't get it when people blame me (not me personally, but me the homeowner with a good sensible mortgage). How in heavens name is any of this my fault?
In any case, the blame goes back far and wide, but when people are mad they go after whoever is the closest. It will forever be the current administration's fault--and it is in part, but it isn't all.
(Can you tell I'm still really mad about this?)
There is wisdom when at conference they focus on the basics... live within your means - don't purchase something (a house, let's say) above your means...
I agree there's blame on all sides... it's just funny when one side is always so darn loud.
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