Thursday, August 26, 2010

There's the Signpost Up Ahead

Here is a guy who get's it right about Fannie and Freddie:

In this interview on Tech Ticker, John Tamny, editor of Real Clear Markets, notes that Fannie Mae and Freddie Mac are both unconstitutional and economically destructive, noting how both led to massive capital malinvestment. He specifically rebuts Bill Gross' call to nationalize housing finance.

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