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Originally Posted by MS Fowler
Fannie Mae, Freddy Mac, need I say more?...
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They haven't failed, yet. And I believe that they have done a lot of good for many homeowners.
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...Liberals wish to be judged by their intentions.
Look instead at the actual results of big-government liberalism.
Government intrustion into the realm of capitalism results in failure and misery.
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Is the problem with Fannie Mae and Freddie Mac too much government? Or too little regulation? If the government had been paying more attention to the mortgage situation might some of the current problems been avoided?
Capitalism doesn't exist without government. Without government we don't have contracts, patents, corporate structures, infrastructure, or a bunch of other things that capitalism needs.