It's another "I told you so" moment--referring to my column that elaborated on the role that the Community Reinvestment Act/affordable housing/sub-prime loans/Fannie/Freddie played in bringing about the collapse of the housing market, and the near-collapse of the financial system:
"The report criticizes members of both parties, but by emphasizing Fannie Mae and Freddie Mac, it tries to put the focus of the debate on turf more comfortable for Republicans. “The housing bubble that burst in 2007 and led to a financial crisis can be traced back to the federal government intervention in the U.S. housing market intended to help provide home ownership opportunities for more Americans,” declares the first sentence of the GOP Oversight and Government Reform report. "
http://thehill.com/leading-the-news/republican-report-puts-blame-for-housing-on-fannie-freddie-2009-07-06.html
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