Barry Ritholtz: No, the Housing Bubble Is Not FNMA's Fault...

Barry Ritholtz:

Global Housing Boom: [A:]n email came in....

Can you support your position, in a fast, easy way, why the US housing boom was NOT caused by Fannie and Freddie, or the CRA? I understand all the factors you laid out in the book — but I would like to see more evidence to support your view.

Well, its difficult to prove a negative — supporters of the “FNM/FRE/CRA caused it” should have to prove their case, as I did in Bailout Nation. However, I have always...