Tuesday, August 13, 2013

Say it ain't so, Joe

Joe Nocera just went off the deep end in his editorial of today where he actually broaches the idea of keeping  Fannie and Freddie.  Joe, didn't you read Gretchen Morgensen's book,  Reckless Endangerment?  Mixing public and private commerce can only lead to the eventual "heads" banker win "tails" taxpayer loses fiasco we suffered in 2008.  Please, keep the system clean of stupid exceptions that a congressman can drive an aircraft carrier through and don't let Fannie and Freddie live.  That goes for the other GSE's, such as Sallie Mae and Farmer Mac,  as well,

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