Latest Issue

The US Securities and Exchange Commission have brought fraud charges against top executives at Fannie Mae and Freddie Mac

American Enterprise Institute economist Peter Wallison blames Fannie Mae for the financial crisis. He claims that NINJA loans and the collapse of lending standards, were caused by the government’s desire to extend home ownership into poorer communities, aided and abetted by the two privately owned, publicly backed government sponsored enterprises (GSEs).  According to Tea Party supporters “government entities like Fannie Mae and Freddie Mac occupied the epicenter of…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect