Fannie and Freddie, not banks, deserve blame

In its editorials and Dan Rodricks columns, The Sun continues to emphasize and underscore the big lie that banks or "predatory lenders" were the cause of the housing crash ("What took so long?" Jan. 26). "Predatory lending" is a term of relatively recent vintage, since prior generations tended to hold individuals responsible for the greed and ignorance that drove irresponsible decision-making.

Far better to investigate Fannie Mae and Freddie Mac and Rep. Barney Frank for creating a bubble based on the idea that everyone should own a home. Why doesn't The Sun castigate the gamblers who tried to game the system and lost their chips?

Thomas F. McDonough, Towson

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