Tuesday, September 09, 2008

Take a Load Off, Fannie

There's pretty wide agreement that the government takeover of Fannie and Freddie, in and of itself, kinda had to be done. Still, the privatized gains/socialized losses phenomenon is pretty galling. All the more so given that, even in the face of these massive-even-for-Wall-Street liabilities taxpayers are absorbing, the chances of even reasonable sounding banking regulations getting passed seems pretty dim.

via DealBreaker

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