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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: roto who wrote (46809)9/15/2008 7:16:46 PM
From: Ann Corrigan1 Recommendation  Read Replies (3) of 224871
 
Democrat Lyndon Johnson was the President who set Freddie/Fannie up as a quasi private company-government sponsored enterprise. He should have completely cut the tether at the time. During the intervening yrs Democrat politicians have used Freddie/Fannie for political purposes--threatening ruin of any critics. Their tentacles spread far & wide throughout the country, in order to build support for themselves and Democrat politicians. Both agencies have operated on a flawed business model--That's why Pres Bush had refused to appoint gov board members.

Check Cspan's recent interview with Peter Wallison of the American Enterprise Institute. Very revealing.
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