SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending | Mandelman Matters

``Today, mortgage origination and home sales have fallen off a cliff and investors have been observed leaving the proverbial building for at least a year. So, today our strategy must change to... well... to the same sort of policy that inflated and ultimately led to the demise of the last housing market bubble. Now, why didn't I think of that? See, this is why guys like Mel Watt get the big bucks and I get ignored. There's a lesson to be learned in all of this, but I just don't want to learn it.''