"But, when a long train of abuses and usurpations, pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security." ~ Declaration of Independence
Long Protected, Fannie Mae and Freddie Mac Ballooned
Submitted by Mike Powers on Sun, 2008-07-13 16:00
?They were not subject to the same financial standards and tax burdens as their competitors, he warned, and if they ran into trouble, an implicit government guarantee to back them up meant taxpayers would be left with the losses.?
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