Wednesday, July 23

NPR just doesn't get it

They say,
Congress is expected to vote this week on legislation that addresses the home foreclosure crisis and provides financial aid to Fannie Mae and Freddie Mac. The struggling firms are currently regulated by a division of the Department of Housing and Urban Development. The bill would establish a new, independent regulator

But Fannie Mae and Freddie Mac have been highly successful at evading regulation in the past; see The Fannie Mae Gang.

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