Private sector loans, not Fannie or Freddie, triggered crisis | McClatchy

This link to a story on McClatchy reveals the rat-a-tat repetitions by the political right about Fannie Mae and Freddie Mac as so much hot air. The housing crisis was not fueled by the misconduct or practices of Fannie and Freddie, according to data from the Federal Reserve Board; over 84 percent of the loans in 2006 were from private sector lenders, who made 83 percent of the subprime loans to middle- and low-income borrowers that year.

Private sector loans, not Fannie or Freddie, triggered crisis | McClatchy