Capital Eye has a list of Freddie Mac/Fannie Mae campaign contributions
. The top three are Christopher Dodd, Barack Obama, and John Kerry.
Freddie Mac and Fannie Mae were created by the United States government, and we allow these institutions to funnel cash to politicians. The cast of Deliverance
wasn't this incestuous. You want to see the Dow go up? Place a ban on campaign contributions from these entities. You want to see it go up further? Put an end to government sponsored enterprises
. Completely privatize Freddie Mac and Fannie Mae and their kin. If they can't stand on their own, competent financial firms will buy out their sorry hides. Central planning over lending is eating our lunch. It's time for central planning to eat it.
Labels: Economics, Politics