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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…

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