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Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown

Mortgage giants Fannie Mae and Freddie Mac have been cast as the major villains of the financial crisis, but Michael Hudson reports that Wall Street firms were the prime offenders.

Michael Hudson
Michael Hudson
articles/2011/01/17/wall-street-not-fannie-and-freddie-led-mortgage-meltdown/solomon-fannie-mae_153302_qoz9rk
The headquarters of mortgage lender Fannie Mae is shown in Washington September 8, 2008. (Photo: Jason Reed / Reuters)
Michael Hudson

Michael Hudson

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