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: Instapundit.com

A ?GOVERNMENT-CAUSED DISASTER? ? Fannie Mae and Freddie Mac?s role in the financial crisis. ?When ?

By Glenn Reynolds

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A “GOVERNMENT-CAUSED DISASTER” — Fannie Mae and Freddie Mac’s role in the financial crisis. “When a private citizen like Bernie Madoff commits fraud, he gets a long jail sentence. But when Barney Frank, Nancy Pelosi, and the well-connected (and now rich) Democrats who headed Freddy Mac and Fannie Mae commit fraud, they simply send the bill to the taxpayers. Or, rather, the taxpayers’ children.”


Full post as published by Instapundit.com on December 30, 2009 (boomark / email).

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