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: Instapundit.com

FREDDIE MAC?S BIG LOSSES. ?The news caused nary a ripple in the placid Washington scene. Perhaps th?

By Glenn Reynolds

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FREDDIE MAC’S BIG LOSSES. “The news caused nary a ripple in the placid Washington scene. Perhaps that?s because many lawmakers, especially those who once assured us that Fannie and Freddie would never cost taxpayers a dime, hope that their constituents don?t notice the burgeoning money pit these mortgage monsters represent. Some $130 billion in federal money had already been larded on both companies before Freddie?s latest request.”


Full post as published by Instapundit.com on May 10, 2010 (boomark / email).

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