Here's Jason Lewis on a roll, explaining how "mixed-markets" always fail and the typical Democrat utilization of them. He also rightly points out how Sen. Chris Dudd and Barney Frank shielded Fannie and Freddie from any oversight (any wonder why it wasn't put under the auspices of Sarbanes-Oxley) and blocked any limitation of their portfolios. He also rightly points out how our health care system is a mixed-market and has been for some time with the gov't picking up almost half the tab.
He's my favorite substitute teacher on the EIB network. Listen and learn.
Barney and Chris, 2 of the 3 Stooges, are responsible for a lot of our problems today. If they would have done due diligence to their part of the bailout, we would be much further along on an economic recovery. Dodd also is the largest recipient of AIG political campaign funds. Could we say Chris Dodd is a Crook?
Cindi3847 2 years ago
Barney and "Countrywide" Dodd are both crooks. Remember Dodd's "jumbo loan" he got through Countrywide and then drug his feet in revealing how he profited from favoritism?
Barney and Chris both blocked any attempts to limit the portfolios of Fannie and Freddie. Subprime lending has skyrocketed and this situation is only worse with the bailout, as I'm sure you know.
AIG was heavily invested in... mortgage-backed securities. Gov't needs to stay out of the business "affordable" housing.
UTubekookdetector 2 years ago
I agree with you completely.
Cindi3847 2 years ago
You might be interested in this, Hussein Obama has profited from donations of AIG employees. Where have we seen this before? Politician A gets campaign donations from employees of Corporation B who's engaging in rent-seeking.
Sounds a lot like former Sen. Stevens.
opensecrets..org/indivs/index..php?capcode=qv69d&name=&state=&zip=&employ=AIG&cand=obama
UTubekookdetector 2 years ago