Friday, October 24, 2008

Good Analogy

Why are GSE’s like Fannie and Freddie allowed to make political contributions?    An article I read made a good analogy:


Freddie Mac and Fannie Mae were making political contributions to the very members of Congress who were allowing them to make irresponsible loans.  (Though why quasi-federal agencies were allowed to do so baffles me.  It's as if the Pentagon were allowed to contribute to the political campaigns of Congressmen who support increasing their budget.)


 

I am not saying Obama took more money than McCain.  I am saying neither of them should have gotten a dime.

 

 

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