There are some saints among the sinners in the Fannie Mae, Freddie Mac shakedown of the U.S. Congress. One of the saints is the Wall Street Journal, which for years has inveighed against the dangers involved when private profit is yoked with governmental power. In a recent column, Paul Gigot, the Editorial Page Editor of the paper, puts it this way: “The abiding lesson here is what happens when you combine private profit with government power. You create political monsters that are protected both by journalists on the left and pseudo-capitalists on Wall Street, by liberal Democrats and country-club Republicans. Even now, after all of their dishonesty and failure, Fannie and Freddie could emerge from this taxpayer rescue more powerful than ever. Campaigning to spare taxpayers from that result would represent genuine 'change,' not that either presidential candidate seems interested." The WSJ does not hesitate to name the sinners. Here is a rundown of previous postings by th...
go home from us in peace. We seek not your counsel or your arms. Crouch down and lick the hand that feeds you;
may your chains set lightly upon you, and may posterity forget that ye were our countrymen!"
--Samuel Adams