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New York Times on Fannie and Freddie

The New York Times, in this article, attempts to make Fannie and Freddie appear like the victim.  Unwittingly, the Times lays the blame at the Democrats' feet, too: Capitol Hill bore down on Mr. Mudd as well. The same year he took the top position, regulators sharply increased Fannie?s affordable-housing goals. Democratic lawmakers demanded that the company buy more loans that had been made to low-income and minority homebuyers.At this point, even the New York Times agrees: Democrats caused the market meltdown.  Consider that before uttering that, "Palin is stupid."  Maybe she is.  But what's that make Barack Obama (who received $125,000 in Fannie-Freddie campaign contributions) and other Democrats?

Full post as published by Crime & Federalism on October 05, 2008 (boomark / email).