Steven A. Holmes, "Fannie Mae Eases Credit To Aid Mortgage Lending" (New York Times, September 30, 1999). All the usual suspects are there, including President Clinton, pushing expanded subprime lending, complete with an eerie warning from Peter Wallison of the American Enterprise Institute that "... the government will have to step up and bail them out ...." Read it an weep. It deserves derisive laughter, but it hurts too much to laugh. Look who's going to have to pay.
[Hat tip to C. Binder-Scapone]
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