Have The Feds Gone In-Seine? There’s Something Vichy About This Deal
July 16, 2008 at 8:52 am
Great quote by Sen. Jim Bunning (R-KY):
Some lawmakers expressed doubts yesterday about the wisdom of the federal government’s plan to prop up mortgage finance giants Fannie Mae and Freddie Mac, with one Republican senator complaining it was tantamount to writing a “blank check” to save the troubled companies.
…The often-outspoken Sen. Jim Bunning (R-Ky.) railed against the plan during a hearing before the Senate Banking Committee. “When I picked up my newspaper yesterday, I thought I woke up in France. But, no, it turned out it was socialism here in the United States and very — going well,” he said, raising his voice.
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