http://columbushomesblog.com/2009/04/06/the-essence-of-the-global-economic-crisis/ Columbus Real Estate News That Matters Wed, 22 Jun 2011 05:58:19 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://columbushomesblog.com/2009/04/06/the-essence-of-the-global-economic-crisis/comment-page-1/#comment-24153 Richard Stabile Bergen County Real Estate Tue, 07 Apr 2009 22:20:48 +0000 http://columbushomesblog.com/?p=989#comment-24153 Good demonstration. More people should watch it. Most people don't have a clue to what it was all about. The idea was not only bread out of wall street however, it was mandated by Bill Clinton in his second term and promoted by Barry Frank, Chairman of the Congressional banking committee. THey set Fannie and Freddie loose to give risky paper and Wall street followed them to compete under ever shrinking interest rates. Good demonstration. More people should watch it. Most people don’t have a clue to what it was all about. The idea was not only bread out of wall street however, it was mandated by Bill Clinton in his second term and promoted by Barry Frank, Chairman of the Congressional banking committee. THey set Fannie and Freddie loose to give risky paper and Wall street followed them to compete under ever shrinking interest rates.

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