Subprime Lending Spree Is at Heart of Latest Debacle

• By David Winston
• Roll Call Contributing Writer
• Oct. 16, 2008, Midnight

'These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” (New York Times, Sept. 11, 2003)