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Sunday, September 28, 2008
The Failure of Fannie and Freddie Is Only the Beginning
"That's why I said at the outset that the failure of Fannie and Freddie is only the beginning. Fannie Mae, Freddie Mac, the Federal Home Loan Banks, the FDIC, Social Security, and the Pension Benefit Guaranty Corporation all force the U.S. taxpayer to subsidize the government-led underpricing of risk."
Labels:
Fannie and Freddie,
Federal Capitalism,
toast
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