Wolf DeVoon Posted September 24, 2015 Share Posted September 24, 2015 You guys are missing the real culprits, Government Sponsored Enterprises (Fannie and Freddie) and the Clinton Administration mandate to push low-income minority home ownership under the Community Redevelopment Act."...although WaMu is a large mortgage originator, it comprises less than 5% of GSE mortgage-backed security volume."http://www.bloomberg.com/bw/stories/2007-11-08/why-wamu-got-wallopedbusinessweek-business-news-stock-market-and-financial-advice Link to comment Share on other sites More sharing options...
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