Arctic Fox

Palin, On the Ongoing Financial Crisis

Don't let one quick, throwaway comment by Gov. Palin set your tone. It's all political rhetoric at this stage, including the criticisms.

As someone who has followed her career, my view is that Palin is focused on government spending public money is a way that at least has a semblance of wisdon and accountability. At root, she's a government "cutter" and not a government "grower."

Yeah, she spent money as the Mayor of Wasilla... at a time when the town about doubled in population and grew out into the boondocks. A lot of the spending was during the boom-boom real estate mushroom, for which Fanie & Freddie take a good share of the blame.

Alaskans talk about a place called "Los Anchorage," and I think you can figure out where that comment is coming from. Alaskans are torn over willy-nilly growth, especially in a climate where nature is a lot less forgiving than in SoCal. So deep down, you ought to know that Palin understands that Los Anchorage concept very well.

And I have a hunch that if Gov.Palin has any input, Fannie & Frddie will get busted up and sold off in pieces to smaller, more nimble and far better-managed banking institutions. Really, Fannie & Freddie outlived their purpose many years ago. They were nothing but fiscal dinosaurs, waiting for the asteroid with their name on it.