Thursday, July 17, 2008

The Saga Of Fannie And Freddie -- Lawrence Kudlow -- GOPUSA

The saga of Fannie and Freddie already shows the moral hazard created when Uncle Sam rewards institutional miscues. But if the Fed is bailing out all these financial areas, the ultimate moral hazard could be a U.S. dollar that nobody wants to own.

The Saga Of Fannie And Freddie -- Lawrence Kudlow -- GOPUSA

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