Fannie and Freddie con’t

I just read an oped in the Wall Street Journal and it was too validating not to reference and quote. The piece is called the “Responsibility Tax” and they say this about who is exempt from the tax. “Also exempt are Fannie Mae and Freddie Mac, which operate outside of TARP but also surely did more than any other company to cause the housing boom and bust.” In sure signs of continued insanity ….”The White House wants to tax more capital away from profit-making banks to offset the intentional losses that the politicians have ordered up for Fan and Fred.” This all is making me nuts…

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