2. Fannie Mae and Freddie Mac
a. Briefly explain how the government mortgage
insurance in the post-war error helped some people
to both overcome financial market imperfections and
to accumulate wealth
b. Until the passage of the Fair Housing Act in 1968
(one week after the assassination of Martin Luther
King Junior), post-war housing policies
discriminated against African-Americans. Briefly
explain, making reference to \"red-lining.\"