Swan song for Fannie; eulogy for the ‘ownership society'

the-peoples-forum.com — Fed's rescue plan is a scattershot approach that doesn’t address the source of the problem: an unregulated, unsustainable structured finance system that emerged in full-force after 2000 & spawned a shadow banking system that creates trillions of dollars of credit w/o sufficient capital reserves. This is the heart of the problem; it needs debate.