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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: roto who wrote (46809)	9/15/2008 7:16:46 PM
From: Ann Corrigan	1 Recommendation Read Replies (3) \| Respond to of 224748

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.