5 EASY FACTS ABOUT 2009 LOAN DESCRIBED

In his lone dissent to the majority and minority views in the FCIC, Commissioner Peter J. Wallison from the American Organization Institute (AEI) blamed U.S. housing coverage, such as the steps of Fannie & Freddie, mainly for the disaster, writing: "Once the bubble began to deflate in mid-2007, the low excellent and superior danger loans engendered