Federal govt. was culprit in housing and economic crisis, says Congressional Report
Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee. (AP Photo)
July 8, Washington (CNSNews.com) - Fannie Mae and Freddie Mac were the chief culprits in the housing crisis because they encouraged people who could not afford payments to borrow money, according to a congressional report released Tuesday. . . continue reading.
