Quis Custodiet Ipsos Custodes? The SEC Perhaps?
I hear always the admonishment of my friends: “Bolt her in, constrain her!” But who will guard the guardians? The wife plans ahead and begins with them!. – Juvenal, Satire VI, (HT:Wikipedia) The Washington Post reports this morning. The Securities and Exchange Commission is mounting an effort to charge four current and former senior executives from Fannie Mae and Freddie Mac for failing to properly | Read More »
Barney Frank calls Barack Obama dumb.
(H/T Instapundit) Come, I will conceal nothing from you: I respect Barney Frank‘s political skills. I absolutely can’t stand what he uses those skills for, but I recognize that Rep. Frank has them, and that he knows how to use them effectively. To give just one example, Rep. Frank was about the only Democrat to make it through last year’s August health care meltdown without | Read More »
White House to bailout underwater mortgages?
Today’s hot rumor comes from James Pethokoukis: essentially, the White House (which is becoming increasingly frantic about the way that their Super Magical Unicorn Genius economic plans aren’t working) is scheming to partially bail out people with underwater mortgages. I know, I know: the government was not supposed to acquire Fannie/Freddie just to completely rewrite their balance sheets, but the existing scheme to let the | Read More »