Thursday, June 18, 2009

Hey, What Happened?

What happened to new financial regulations of Fannie Mae and Freddie Mac? These two quasi-government agencies were the instigators of the entire financial crisis. So why is there no new regulation of these two companies? Just a new regulatory agency to "approve" new loan "products". Is it because these two corrupt companies have been controlled and protected from regulatory overhaul by the Democrats for twenty years? Hmm! I wonder!