A major cause of our financial collapse and the continued problems we’re having climbing out of the Great Recession is related to the implosion of the housing market. Americans have lost hundreds of billions of dollars because of the actions of the banking and lending institutions, including the infamous Freddie & Fannie. Keeping up with and understanding the debacle has not been easy. Everyone has a target to point at and conservatives love to point the finger at Freddie and Fannie Mae. New York Times columnist, Joe Nocera, sheds some light on just what role the Mae-Macs played in the crisis. Click HERE for Joe’s column.
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