Wallowing in it, Mr. Spitzer writes: "The chamber remains an unabashed voice for the libertarian worldview that caused the most catastrophic economic meltdown since the Great Depression."

What did the chamber have to do with Fannie & Freddie and the Carter-Clinton Community Redevelopment Act?

redmanrt:

Wallowing in it, Mr. Spitzer writes: "The chamber remains an unabashed voice for the libertarian worldview that caused the most catastrophic economic meltdown since the Great Depression."

What did the chamber have to do with Fannie & Freddie and the Carter-Clinton Community Redevelopment Act?

idiot! freddie and fannie were not the first,the biggest nor the only institutions that got smashed.They are not the ones that came up with the bundled bullshit and sold them to the world even though they knew it was well know it probably implode.they did not deregulate the insurance'/banking sector at the behest of those very sectors in order to "free them" to make more profits.They did not fudge the value of those bundled loans like those in the credit rating sevices did .They did not invent the loans that required no stated income in order to get approval.And they did not create a fake housing bubble nor did they stop any regulation that was tried to rein this crap in before the collapse .Freddie and fannie mae may have had their own problems nut blameing them for the collapsw is just hooey and yet again anoth attempt at history revisionism in the face of very recent and know history.