Dodd-Frank’s Fannie Trap

Dodd-Frank’s Fannie Trap – John Berlau & Matthew Melchiorre – National Review Online.

“Ironically, about the only two firms Dodd-Frank doesn’t touch are the two most responsible for the crisis: the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. In their new book, Reckless EndangermentNew York Times financial columnist Gretchen Morgenson and market analyst Joshua Rosner write that Fannie “led both the private and public sectors down a path that led directly to the financial crisis of 2008.” At the end of the book, the authors note with dismay, as have many conservative critics, that the law doesn’t lay a glove on Fannie and Freddie.”

Pay no attention to the men behind the curtain.

%d bloggers like this: