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"The former chief executive of Fannie Mae, in a rare public appearance Friday, argued that government policies weren’t the main cause of the housing bust, and that the government shouldn’t stop pushing to expand home ownership."
Raines is a clueless idiot, a liar or both.
The first two parts of this Frontline documentary were shown in my area last night. Not bad with the exception of their totally glossing over the tremendous significance of the repeal of Glass-Steagall and their failure to critically examine the claims that the taxpayer rescue of AIG et al was absolutely necessary to prevent the "end of the world":
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