Blog

06 October 2008

1999 New York Times Article Foretells Subprime Mess

Excerpt: "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits."

Click here to see the article.

Home ownership is important, but it's not "affordable housing" anymore when the bank forecloses on your home.
Recent Posts
Blog Archives
About Carolina Review
Carolina Review is a journal of conservative thought and opinion published at the University of North Carolina at Chapel Hill. Since its founding in 1993, Carolina Review has been the most visible and consistent voice of conservatism on campus.