[KittenClaws]

Not to this extent.

I suppose you believe there is a crisis?

[rightwingintelligentsia]

LOL—Rush needs to work on his Barney Frank impression.

He needs to put more Elmer Fudd into it.

[Pelham]

“Not to this extent.”

Only if you consider a government monopoly insignificant. From 1938 to 1968 Fannie Mae was a government agency that had a monopoly on the secondary mortgage market.

In 1968 part of Fannie Mae was spun off as a private company. In 1970 Freddy Mac was created as a private company to provide competition for Fannie Mae.

“I suppose you believe there is a crisis?”

I’ve posted about an impending housing/mortgage crisis for a couple of years here. Anyone familiar with the Austrian economic school of Mises and Hayek could have spotted the credit bubble. National Review, a journal Limbaugh claims to have read for decades, used to feature Austrian analysis regularly.