This week, Chip holds an extended interview with Edward Pinto, Fannie Mae's first Chief Credit Officer (1987-1989). In a follow-up to his detailed article on why Washington, D.C. is to blame [4] for the credit crisis, Pinto describes exactly how far the GSEs strayed from their original mandate, and how, over the years, the affordable lending lobby chipped away at lending standards until there were none!  Listen in to this fascinating, 2-part interview.

Visit his daily blog, Hanlon's Pub [5]