Eric Florack on October 21st, 2008

Over at OTB, Steve Verdon restates what I’ve been saying here for weeks:

 

An older article, but relevant.

It is important to understand that, as GSEs, Fannie and Freddie were viewed in the capital markets as government-backed buyers

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Continue reading about The Cure is the Problem

Eric Florack on September 18th, 2008

Bruce:

As Ed Morrissey points out, 2005 would be the year John McCain made this speech:

Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately

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Continue reading about They’re Trying to Duck the Blame…. Don’t Let Them