Apparently it wasn’t the Commy Congress that destroyed the housing market and the economy.
The chart and text below are from the good and smart folks over at BusinessInsider.com.
Proof That Fannie And Freddie Didn’t Cause The Housing Bubble
The role of government agencies in causing the housing bubble continues to be debated endlessly.
As such, it’s always a good idea to have this chart — posted today by Hale Stewart — of various housing bubbles around the world.
If you really think it was all Fannie and Freddie’s fault, then you have to explain why the U.S. just happened to have the same (roughly) arc of a housing boom as basically every other industrialized country all around the world at the same time.Print This Post