Home > Uncategorized > Economist’s View – “Republican Members of FCIC to Promote Crisis Urban Legends”

Economist’s View – “Republican Members of FCIC to Promote Crisis Urban Legends”

From the Economist’s View:

“Republican Members of FCIC to Promote Crisis Urban Legends”

I’ve taken on the “CRA and Fannie and Freddie did it” myth so many times that I hardly have the energy to do it again (e.g. see here and here for several posts debunking this idea). So let me turn it over to Yves Smith:

Republican Members of FCIC to Promote Crisis Urban Legends, Shift Blame From Bank, by Yves Simth: Lordie, the Big Lie is with us in force. The New York Times reports that the Republican members of the Financial Crisis Inquiry Commission are going to pre-empt the report (due in mid-January) and issue their own 13 page screed later today focusing blame for the crisis on…Fannie and Freddie, and no doubt the CRA too.

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