The financial collapse of 2008 was hard on everyone. While most people were hit by the aftershocks, minority communities faced the full force of the crisis. Why, then, would anyone want to tempt fate and pile more risk atop the system that nearly broke 15 years ago?
One of the culprits back then was the mortgage-financing company Fannie Mae. It remains under the conservatorship of the federal government after almost collapsing the economy in 2008. It took on more risk than it could handle. The federal government stepped in to keep it afloat. But the damage was done. World markets tumbled, hurting severely the most vulnerable among us.
