Fannie's & Freddie's Roles In The Financial Crisis And Their Pursuit Of Countrywide

08/07/2010 10:47 pm ET | Updated May 25, 2011
  • GRETCHEN MORGENSON The New York Times

Outwardly, Fannie and Freddie wrapped themselves in the American flag and the dream of homeownership. But internally, they were relentless in their pursuit of profits from partners in the mortgage boom. One of their biggest and most steadfast collaborators was Countrywide, the subprime lending machine run by Angelo R. Mozilo.

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