All Commentary
Wednesday, March 9, 2011

Fannie Mae Still Inflicting Pain on Taxpayers

“Investors who say they suffered massive losses because of an accounting fraud at Fannie are demanding billions of dollars in compensation. At the same time, Fannie is spending tens of millions of dollars to defend itself and its former executives, leading lawmakers to question the firm and its federal regulator about why they are not containing costs. Stuck in the middle are U.S. taxpayers. ” (Washington Post)

What was that about government being more responsible than the private sector?

FEE Timely Classic
“A Crisis of Political Economy” by Chris Matthew Sciabarra