Sep 9, 2008

Karen De Coster and Eric Englund on Fannie Mae, New Deal monstrosity

Fannie Mae is not a free-market entity, nor is it a private body that must compete on the same playing field as its competitors. Fannie Mae is representative of all that's wrong with central planning institutions: it is a government-created conduit for carefully crafted financial and market socialism that the bureaucrats uphold for the purpose of propping up their fantasies for pandemic social engineering.

There's nothing "American" about this dream. In the eyes of the Republic's visionaries, this particular dream has turned into a nightmare.

~ Karen De Coster and Eric Englund, "Fannie Mae: Another New Deal Monstrosity,", July 2, 2007

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