Fannie and Freddie loaned at first because they were pressured from HUD (Department of Housing and Urban Development) who was under pressure from Congress….I believe if Congress hadn’t pressured HUD and HUD hadn’t pressured the banking institutions and if the CRA wasn’t…
See original here:
The Domino Effect of our Banking System
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Tags: banking institutions, congress, first-because, HUD, pressured-the-banking, under-pressure, urban, urban development
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