Who's Responsible for the Financial Meltdown: Fannie and Freddie, or Congress?

Three pieces that are well worth reading.

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Fannie Mae and Freddie Mac, and Congress, according to my American Enterprise Institute colleague, Kevin Hassett. His Bloomberg column links to a prescient 2005 article by another AEIer, Peter Wallison. And here is Wallison's latest, coauthored by AEI colleague Charles Calomiris. All three are well worth reading.