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

To: JakeStraw who wrote (50730)	10/8/2008 1:28:26 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 224750

On housing, McCain takes sharp left turn Republican nominee's mortgage plan bypasses the free market in favor of big government. money.cnn.com

To: JakeStraw who wrote (50730)	10/8/2008 1:44:34 PM
From: Geoff Altman	1 Recommendation Read Replies (1) \| Respond to of 224750

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's. Great find Jake. This is the exact point where the regulators should have stepped in.... Unfortunately for us Frank, Dodd and all the rest of the liberal nabobs were too busy trying to get people into homes that none of them could afford rather than doing the job that we've been paying them for......