Socialism as a Government Sponsored Enterprise

If you are still in doubt as to whether a "mixed economy" is the way for a capitalist country to manage its economy, take a gander at the standard bearer of GSE's in the US economy--FANNIE MAE---and you will note that---as France is finding out BIG-TIME in their massively messed-up melange-economie---that government-sponsored enterprises are subject to political meddling and massive corruption. Again, a hat tip to Mickey Kaus!

The Affordable Housing Institute has a long line-up of links for the Franklin Raines era of pilferage, peculation, and pillaging at Fannie Mae, with a background cast of big-business Democrats lurking about---a couple of Target board members, e.g.---who find GSE's the equivalent of 527s in foisting their mixed economy balderdash onto gullible Dems and unwitting Repubs. Check out the whole roster at this site and discover something the MSM doesn't want you to know, or at least under-reports in a scandalous fashion.

I myself blogged on the immense octopus-like scam back in January and linked it to the MSM assault on Wal-Mart, among other attempts to undermine the consumer in favor of the employee-unions in thrall to the Dems as a sort of captive satellite.

Oh well. More to come, I'm sure, in the annals of socialist mission-creep.