Mortgage Fraud
Via Barry Ritholtz The Big Picture:
You know, in conservative forums there are many who believe that the credit crisis was created by government action, rather than inaction. They’ll point to the Community Reinvestment Act of 1977, the simple fact that there are such things as Freddie Mac and Fannie Mae, and so on. This video should answer them … but sometimes once a thing is believed, it’s believed for good.