The Realist

How Much Are Fannie and Freddie to Blame?

Paul Krugman might be an economist but he is not a very good one. Marx was an economist too. Krugman is first and foremost a political hack, so anything he writes is subject to intellectual question.

Fannie and Freddie are actually the central point of this entire fiasco and Krugman needs to be dishonest about this intentionally or else he would be forced to lay blame on his lords the Democrats.

The list of Democrat big wigs that made tens of millions in salary and bonuses at these companies is endless. They were pets of the Democrats and basically a slush fund.

How sad is the net result that the Democrats are responsible for so much of this crisis and it is they who have framed the debate in the media and are forcing us to spend a trillion dollars to cover up their semi-illegal activities.