Over at Slate, Daniel Gross has an interesting insight onto the Fannie Mae/Freddie Mac debacle: The Fannie Mae/Freddie Mac bailout may help American homeowners a little. It will help the People’s Bank of China a lot. This is a great example of the kind of economics we can now expect. Because of the appalling fiscal […]

Is it just me or do you also see the huge irony in the government takeover of Fannie Mae and Freddie Mac? This is a Republican administration. One whose mantra has been let the markets be and all will be well. Yet now they step in and nationalize the two largest mortgage lenders in the […]