How was FNM and FRE...

Discussion in 'Economics' started by cubical, Feb 8, 2009.

  1. cubical


    Forced by the Clinton administration to insure these bad mortgages? I hear people say it started in the late 90s when Clinton wanted more low income families to own homes. Can someone explain to me how the government can force a company to do something like this?
  2. They aren't private companies: they're GSEs. Even wikipedia can explain this one to you.