Comments on: WIN: Freddie Mac, Fannie Mae Bailed Out http://www.bargaineering.com/articles/win-freddie-mac-fannie-mae-bailed-out.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: JL http://www.bargaineering.com/articles/win-freddie-mac-fannie-mae-bailed-out.html/comment-page-1#comment-281726 JL Fri, 12 Sep 2008 21:37:45 +0000 http://www.bargaineering.com/articles/?p=3506#comment-281726 It shocking just how little outrage there is out there about having to bail out F&F (not to mention Bear & IndyMac). Everyone is just thankful that Paulson saved the world from certain doom. What about the fact that F&F have been running for years as quasi-governmental entities that had lobbying staffs being paid to limit oversight and regulation of their activities? Then there is the Interior Department "scandal". This is what happens when a president is elected who believes that government exists solely to enable business to do whatever they like. Putting former oil co lobbyists in gov't oversight positions is like putting the fox in charge of the hen house... only worse. It would be like hiring a Mafia Don to head the War on Drugs. It shocking just how little outrage there is out there about having to bail out F&F (not to mention Bear & IndyMac). Everyone is just thankful that Paulson saved the world from certain doom. What about the fact that F&F have been running for years as quasi-governmental entities that had lobbying staffs being paid to limit oversight and regulation of their activities?

Then there is the Interior Department “scandal”. This is what happens when a president is elected who believes that government exists solely to enable business to do whatever they like. Putting former oil co lobbyists in gov’t oversight positions is like putting the fox in charge of the hen house… only worse. It would be like hiring a Mafia Don to head the War on Drugs.

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