Articles

President Bush Tried to Rein In Fan and Fred

January 07, 2009

Mythmaking is in full swing as the Bush administration prepares to leave town. Among the more prominent is the assertion that the housing meltdown resulted from unbridled capitalism under a president opposed to all regulation.

Like most myths, this is entertaining but fictional. In reality, Fannie Mae and Freddie Mac were among the principal culprits of the housing crisis, and Mr. Bush wanted to rein them in before things got out of hand.

Rather than a failure of capitalism, the housing meltdown shows what's likely to happen when government grants special privileges to favored private entities that facilitate bad actors and lousy practices.

FULL ARTICLE: http://online.wsj.com/article/SB123137220550562585.html

Related Article

A476b40d267cfc263ad453234f86b0c4
October 11, 2018 |
Article
Many Republicans celebrated Justice Brett Kavanaugh’s swearing-in Monday as the end of a bitter confirmation battle. But the game isn’t over.  ...
Cf217cbc355dc10f4f3e9dfb577b39ab
October 04, 2018 |
Article
Following last week’s extraordinary testimony by Prof. Christine Blasey Ford and Judge Brett Kavanaugh, public attitudes are split and malleable.   ...
1d050a8f3afb58449cbeb2570b2e4943
September 27, 2018 |
Article
Thursday will be an immensely consequential day for America. As of this writing, Christine Blasey Ford is scheduled to appear in the morning before the Senate Judiciary Committee, followed by Judge Brett Kavanaugh.  ...
1dfb83046819c706e17327948a180a28
September 20, 2018 |
Article
The Democrats’ most potent national policy issue in the 2018 midterms is health care, and it’s showing up on TV. One Arizona ad says Martha McSally, the Republican congresswoman running for Senate, “voted to gut protections for people with pre-existing co...
Button karlsbooks
Button readinglist
Button nextapperance