It Wasn't Fannie and Freddie

Richard Green:

It is possible to hold the following two views at the same time

(1) The executives for Fannie Mae and Freddie Mac should be held to account for their contributions to the crisis; and

(2) Compared with banks, shadow and otherwise, Fannie and Freddie were pikers in their contributions to the crisis.

For the Last Time, Fannie and Freddie Didn't Cause the Housing Crisis.