Column: Taxpayers should tremble at Fannie’s new risky mortgage scheme
This is a eagletribune.com article.
By Taylor Armerding
Remember those good old days from September 2008? Recall how exciting it was to watch banks collapse, trillions of dollars in assets evaporate and millions of jobs disappear as the subprime mortgage bubble burst, inaugurating the Great Recession?
Remember how you felt after watching “The Big Short” and thinking, “Gee, could something like that happen again?”
Well, you might not have to wait all that long. Your federal government is laying the groundwork for yet another mortgage disaster.
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