Wednesday, October 1, 2008

No Shame, No Blame

"Forget that Fannie and Freddie became the adopted brainchildren of congressional Democrats and the Clinton White House. Forget their quasi-Marxist social engineering that extended credit to millions of people who couldn't afford it. Forget former White House Budget Director Franklin Raines raking in over $90 million running Fannie as it failed, Jamie Gorelick taking $30 million, Senator (and Democrat presidential nominee Barack) Obama staffer Jim Johnson taking millions from Fannie Mae, as well as several others who collectively pocketed tens of millions as well. Given the failures of these entities, there isn’t even the argument of stellar performance to justify these payouts.


"Yet, Americans aren’t calling for their heads."