It is interesting to note that past and present Board members of Fannie Mae — some of whom are appointed by the president — have been highly representative of the Beltway elite: a former Reagan chief of staff, lobbyists, a former aide to Nixon, a Reagan Secretary of Labor, a US trade representative, and a top economic advisor to President Bush.
(Footnote. Naming names: Kenneth M. Duberstein, a lobbyist and former chief of staff to President Ronald Reagan; Frederick Malek, an investor and former aide to President Richard Nixon; Ann McLaughlin Korologos, a former secretary of labor under Reagan; Stephen Friedman, formerly President George W. Bush's top economic adviser and former co-chairman of Goldman Sachs with Robert Rubin; Robert Zoellick, US trade representative.)
~ Karen De Coster and Eric Englund, "Fannie Mae: Another New Deal Monstrosity," Mises.org, July 2, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment