Game Theory, Individual v. Collective, Live and Learn

New York Times on Fannie Mae… in 1999 (Loose Lending was a Good Idea Back Then)

Here’s a very interesting article in the New York Times from 1999. Steven Holmes discusses how Fannie Mae was reducing its lending standards and increasing the issuance of subprime loans. This was a big cause in our current financial crisis, however, back then, everyone thought it was just dandy:

NY Times

Thanks belong to my father, Bill Syrios, for sending this to me.

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One thought on “New York Times on Fannie Mae… in 1999 (Loose Lending was a Good Idea Back Then)

  1. Pingback: Occupy Wall Street – How we got here, etc. « Brian's Blog

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