Russian Bull

Rescuing Frannie

I told the Russian SWF not to buy any of this paper. Hopefully they will take this window of opportunity and sell their Fannie and Freddie paper (if the US is going to park the USS Mt. Whitney in Georgia, why not.)

These companies should have been allowed to fail. So much for capitalism. I agree also that what these two 'companies' do can be done better by a pure market-based company and that the market would find its even keel faster and more effectively.

But overall, my impression is, "Svine! When did the US become a centrally planned economy? I thought that period of history was kaput!"