Monday, December 28, 2009

Fannie and Freddie

I don't know for precisely what's motivating the administration's recent actions on Fannie and Freddie, but I am worried that they're continuing to double their bets on helping the "housing market," whatever the hell that means.

One can understand extraordinary actions to avert financial armageddon, but this just seems like an ongoing policy of trying to prop up financial institutions in a not especially smart way. I'd like to read more articles about the administration trying to help people instead of "markets."