Economist
Paul Krugman defends Fannie Mae:
while Fannie and Freddie are problematic institutions, they aren’t responsible for the mess we’re in.
and
Fannie and Freddie had nothing to do with the explosion of high-risk lending a few years ago, an explosion that dwarfed the S.& L. fiasco. In fact, Fannie and Freddie, after growing rapidly in the 1990s, largely faded from the scene during the height of the housing bubble.
"Faded" from the scene.We wonder if Paul Krugman was ever a consultant to Fannie Mae? We don't know but...
