Who is responsible for Fannie Mae's collapse?
Barnie Frank and Chuck Schomer pushed Fannie Mae to provided sub-prime rate loans to those who could not afford them. Republicans were politically snow-balled when they weakly protested by charges of racism. The housing prices dropped and many walked away from their morgtages (which have been sold off in bulk to other investment firms).Seehttp://www.youtube.com/watch?v=_MGT_cSi7Rs&feature=relatedhttp://www.peanut.org/nuke/modules.php?name=Forums&file=viewtopic&t=1942&start=0&postdays=0&postorder=asc&highlight=http://sayanythingblog.com/readers/entry/obama_acorn_and_fannie_mae/
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