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To: Enchante

For people that regularly decry “business as usual” and “a culture of corruption”, the change you can believe in crowd are particularly adept at each.


2 posted on 10/10/2010 8:26:53 AM PDT by Free in Texas (You a Hopey-Changey? How's it feel to be one of Obama's lap dogs? What if he quits feeding you?)
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To: Free in Texas

....and of course Fannie Mae/Freddie Mac are not private companies where any general anti-regulatory stance is justifiable.... they are govt-sponsored monstrosities awash in trillions of dollars due to laws passed by Congress, hold a large proportion of the mortgages issues in the USA.

Therefore, strict regulation of such entities was/is essential so long as they are allowed to exist.

Donilon was aggressive and successful in keeping the Raines empire going for as long as possible, until finally Raines was forced out and the govt took over Fannie Mae.


3 posted on 10/10/2010 8:30:36 AM PDT by Enchante ("Baghdad Bob" would be the ideal spokesflunky for the Demagogue Party in 2010)
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