A case of note
A Manhattan trial should shine needed light on the pre-crisis mortgage market
IT IS hardly controversial to say that Countrywide Financial, Fannie Mae and Freddie Mac were at the very centre of the financial crisis—Countrywide because it was a leading originator of subprime-mortgage loans, and the two government-sponsored housing-finance giants because they bought vast amounts of these mortgages. All three imploded.
This article appeared in the Finance & economics section of the print edition under the headline “A case of note”
From the September 28th 2013 edition
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