"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster

Monday, February 9, 2009

Fannie Mae to Loosen Standards

Wasn't this part of what got us into this mess? Well, excessive money growth and government spending also played a part. I guess Fannie Mae feels that if we are back to doing those things again, they might as well join in.

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