Posts Tagged ‘franklin raines’

1999: Iceberg Ahead

It’s 1999 and President Bill Clinton is pushing Fannie Mae to encourage banks to extend credit to those who do not deserve it. Franklin Raines, the head of Fannie Mae, is more than willing to comply. Fast-forward to 2008, where Fannie Mae and Freddie Mac have essentially been taken over by the federal government and [...]

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