Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

The White House and a bipartisan group of senators have decided on a liquidation of Fannie and Freddie and a completely reconstituted U.S. system of mortgage finance.These are the same people who brought us "Obamacare" and Dodd-Frank.Fear not: Right-wing, government-hating Republicans in the House will save us. Not because of fondness for Fannie, but because they hate Fannie worse than anybody and won’t allow government in any new system.A salvation deeply embarrassing to me, but given the fools in charge of this government, I'll take anything.Fannie since 1938 did get off track, its semiprivatization a bad idea resulting in bloat and debt, but despite the worst financial disaster in U.S. history has not cost the taxpayer a dime.The right says it hates these agencies ...