The Government Takeover of Fannie and Freddie: Observations of an Unmitigated Disaster
Fannie Mae and Freddie Mac have been taken over by the government. This is an economic calamity of unprecedented proportions. Let me offer a few observations.
First, Treasury Secretary Hank “Bazooka” Paulson should immediately resign. Over the past few weeks as Freddie and Fannie have stumbled through huge losses, Hank went to Congress and stumped for […]