Subprime lending by Fannie and Freddie shaped 2008 crisis, Axel Merk argues

Subprime lending by Fannie and Freddie shaped 2008 crisis, Axel Merk argues
Debate over 2008 crisis and subprime lending

Axel Merk challenges the widespread narrative around the 2008 financial crisis, highlighting that while politicians often blame lax regulations, this is not the full picture.

Merk points to the role of coerced subprime lending by government-sponsored enterprises Fannie Mae and Freddie Mac, echoing the views of Phil Gramm and Jeb Hensarling. He suggests that these lending practices were a significant factor in the events leading up to the financial crisis.

Merk has previously commented on the value of alternative assets, noting that gold historically adds value as a portfolio diversifier. He has also reported on monetary policy developments, including that ECB President Lagarde expressed regret about the length of forward guidance, with Warsh in agreement at the ECB policy forum. These remarks reflect Merk’s ongoing focus on macroeconomic risk and policy decisions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.