speculari

U.S. Government Needs a Maggie Sue

Mr. DeLong speaks to this issue in a most authoritative manner. Should there be a move toward setting up his "Maggie Sue", may we then expect that it will be managed with the same high levels of integrity, due diligence and, professionalism enjoyed at "Fannie Mae" & "Freddie Mac"? If so, what does Mr. DeLong think the "vig" (as in vigorish) will be in terms of payouts to Barney Frank, Chris Dodd, & other esteemed members of the U.S. Congress? Who would head up this "Maggie Sue"? Mr. Raines & Ms. Gorelik might be available.

Who Killed Frannie?

Ms. McLean's writing skills notwithstanding, this piece is unlikely as magnum opus or, even opus magnum. When all the dust settles around the Fannie & Freddie debacle - someone will write a major work ( likely 600 to 800 pages) on the roles of the CRA, The Congress, Fannie & Freddie. The stink of rotting fish will be palpable!
Additionally, Felix, your parthian shot at Paulson seems terribly weak. You appear to be trying to hang Mr. Paulson for more of the ills that are endemic to the GSE's, and not of his doing. Perhaps, again, you are hung by your own petard!