https://manhattan.institute/article/government-policy-mistakes-led-to-the-great-recession
You're ignorant on every topic you chime in on.
A very recent article on the government sponsored agencies argues that federal subsidies to mortgage borrowing and lending, offered through the now-bankrupt Fannie Mae and Freddie Mac, introduced volatility and fragility into the U.S. housing market before the crisis. Nevertheless, the correlations shown in the graphs suggest that a prolonged episode of monetary policy that was at first too accommodative and then too tight at least contributed to and may even have been one of the principal causes behind the housing boom and bust that led to the Great Recession.
Edited by 90Tiger at 17:09:48 on 06/28/24