Selective Socialism

Money Blowing AwayBeing the fiscal conservative that I am when it comes to government I have to wonder what the heck the powers that be have been thinking on some of their recent choices. There are just to many wrong choices being made, but let me see if I can work trough them.

From my perspective I really can’t see how the government can justify the major bailout that it has recently made available to Fannie Mae and Freddie Mac. Yeah, I get it, at one point they were government programs. However, they had long since moved toward the private sector, having private investors and paying those private investors dividends as well as rewards on the stock market. They assumed private risk in order to potentially (and did for some time) a private reward and the private sector backed them, putting their faith Continue reading