Washington's Kleptocratic State: 'More Communist Than China'

//www.lewrockwell.com/grigg/grigg-w43.html

--------

Fannie Mae takeover is unconstitutional, as is Fannie Mae itself

Disloyal Opposition
by JD Tuccille

09/09/08

In my post yesterday on the Fannie Mae/Freddie Mac takeover, in which I concluded that it might be nice that the feds are trying to clean up their mess, but that they’re the worst people to do anything of the sort, I overlooked one really important point: Does the federal government have the authority to seize private corporations — even don’t-look-too-closely ‘private’ corporations that it creates? Andrew Napolitano — a former judge and constitutional law professor, and current judicial analyst for Fox News — points out that not only is the bailout bill passed in July (which authorized the takeover) unconstitutional, but the government never had the authority to create Fannie Mae and Freddie Mac to begin with...

//tinyurl.com/5s23j8



Fannie/Freddie bailout baloney

Cato Institute
by Gerald P. O'Driscoll Jr.

09/09/08

We can be sure that Treasury Secretary Henry Paulson only took control of Fannie Mae and Freddie Mac last weekend because he was forced to do so. But the move solves neither the housing crisis nor the root of the Fannie/Freddie problem. At heart, Fannie and Freddie had become classic examples of ‘crony capitalism.’ The ‘cronies’ were businessmen and politicians working together to line each other’s pockets while claiming to serve the public good. The politicians created the mortgage giants, which then returned some of the profits to the pols — sometimes directly, as campaign funds; sometimes as ‘contributions’ to favored constituents...

//www.cato.org/pub_display.php?pub_id=9635


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Fannie
//freepage.twoday.net/search?q=bailout
//freepage.twoday.net/search?q=Federal+Reserve
//freepage.twoday.net/search?q=Paulson
//freepage.twoday.net/search?q=mortgage
//freepage.twoday.net/search?q=housing
//freepage.twoday.net/search?q=Andrew+Napolitano
//freepage.twoday.net/search?q=com/grigg
//freepage.twoday.net/search?q=JD+Tuccille
//freepage.twoday.net/search?q=Gerald+P.+O'Driscoll

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