Daily Archives: March 20, 2013

Kate Allen

Britain’s Chancellor has today announced a substantial expansion of the government’s intervention in the housing market. Specifically, he’s going to give government backing to a great deal more mortgage lending. There have already been cries of “Fannie Mae!” as commentators remember the disastrous housing bubble in the US.

But were Fannie Mae and Freddie Mac really responsible for driving up house prices? Hmm, maybe not actually. Read more