Fannie, Freddie loom as liabilities for Clinton amid fears of another bailout

[Geee]

Washington Times:

Fannie Mae and Freddie Mac are hurtling toward another possible taxpayer bailout, a development that could put an uncomfortable election light on the Clintons’ record of enabling the government-backed mortgage giants to engage in risky practices that led to the 2007 financial crisis.

 

There is growing consensus in financial circles that the seeds of the mortgage market collapse were sown during Bill Clinton’s presidency in the mid-1990s. That was when he helped push through changes that empowered Fannie and Freddie to give more mortgages to minorities and lower-income Americans, often at below-prime interest rates and with little down payments.