This article in the NY Times in 1999 talks about the loosening of lending standards at Fannie Mae and then goes on to describe what could happen if the increased risk of sub-prime lending went wrong.
It is almost scary how accurate the predictions are.
Click here for a full screen view of the article.
Fannie Mae Loosens Standards - 1999 - Free Legal Forms
What kind of pressure did the Clinton administration adure to Fannie Fae?
Posted by: Cashflow Cindy | March 14, 2009 at 11:40 PM