And don't forget Andrew Cuomo

by Russ Roberts on September 21, 2008

in Government Intervention

From the Village Voice HT: Richard Boltuck). Starting in 1997, Clinton’s head of HUD aggressively pushed the GSEs to subsidize the subprime market. He also made it easier for mortgage brokers to collect kickbacks, called YSPs (yield spread premiums). I have to learn more about the latter but the discussion in this article is on pages 5 and 6.


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