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Friday, September 30, 2016

How The Government Enabled The Fannie, Freddie Collapse

Jonathan Weil argues that a special prosecutor should be appointed to hold the government responsible for its role in the Fannie Mae and Freddie Mac disaster in his column, “SEC’s Fannie, Freddie Lawsuits Miss The Enablers:”

Let’s boil down the Securities and Exchange Commission’s claims last week against six former Fannie Mae and Freddie Mac executives to their essence. Every disclosure that the SEC says amounted to fraud is something the government blessed or turned a blind eye to as it was happening.