LowcountryJoe muirgeo and Mortgage backed Securities
This post is dedicated to a gentlemanly discussion of the root causes of the current sub-prime financial melt down. It was initiated here at Cafe Hayek. And the first 3 post from there are published here to start the discussion.
Mortgage backed securities boom after the passage of The Gramm-Leach-Bliley Act (GLBA) in 1999 and of the Commodity Futures Modernization Act of 2000.
Fannie Mae has been a round since 1938.