- Global Financial Crisis
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Fannie Mae and the Financial Crisis
from video.nytimes.com
Comment from the contributor:
(Video) From The New York Times -- How Fannie Mae went from being a one of the most important players in the U.S. housing market to "a company that was continuously buying riskier and riskier loans." Under pressure from lawmakers and large mortgage companies like Countrywide Financial, Fannie began taking loans from lower income homeowners.
