Who's Responsible For The Financial Meltdown: Fannie And Freddie, Or Congress?

Fannie Mae and Freddie Mac, and Congress, according to my American Enterprise Institute colleague, Kevin Hassett. His Bloomberg column links to a prescient 2005 article by another AEIer, Peter Wallison. And here is Wallison's latest, coauthored by AEI colleague Charles Calomiris. All three are well worth reading.

By Michael Barone