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40%  
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  • Truth? You Can’t Handle the Fannie/Freddie Truth

    09/09/2008 7:28:58 PM PDT · by Lorianne · 49 replies · 209+ views
    Wall Street Journal ^ | September 9, 2008 | Deal Journal
    As predicted, my Sunday column that praised the Treasury’s takeover of Fannie Mae and Freddie Mac incited outrage from many readers. Typical comments? “A horrible deal for Americans.” “A sad day for America.” “Pity the taxpayer.” “Appeasement for China.” “It’s time for a taxpayer revolt.” As for who’s to blame? Anybody and everybody. Congress, Wall Street, Greenspan, Bush, Clinton, Hank Paulson, Freddie’s and Fannie’s CEOs and the Chinese. Of course, there is plenty of blame to go around. But let’s not just point fingers. It is time to take a hard look in the mirror and see where the blame...