Ice

Rupert Murdoch Interview: 'Economy Weak; Danger of Inflation Great'

I find it a very limited view to blame fanny mae for all of the current problem. Yes, the are part of it. But come on - How can the Fed, and government and Fannie Mae be responsible for Citi, Lehman, AIG and Merril, COF, CFC.
It was not government or it agencies forcing big finance in these constructions. If was not government forcing them to use off balance sheet assets, it was not government forcing them to use 30* leverage.

As long as we make a very limited analyze of the real causes - how can we think we are able to find the correct solution to future prevention.

Long live partisan obstruction of truth (and now I am sarcastic)