Comments on: The Credit Crisis: A Bipartisan “Achievement” http://www.thelibertypapers.org/2008/10/07/the-credit-crisis-a-bipartisan-%e2%80%9cachievement%e2%80%9d/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Fri, 17 May 2013 18:49:12 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: freewheeler http://www.thelibertypapers.org/2008/10/07/the-credit-crisis-a-bipartisan-%e2%80%9cachievement%e2%80%9d/#comment-60463 freewheeler Thu, 09 Oct 2008 17:15:48 +0000 http://www.thelibertypapers.org/?p=2944#comment-60463 There is a great site: http://www.opensecrets.org/

They provide public lobbying figures. Look up Fannie and Freddie…it is staggering.

]]> By: Quincy http://www.thelibertypapers.org/2008/10/07/the-credit-crisis-a-bipartisan-%e2%80%9cachievement%e2%80%9d/#comment-60439 Quincy Wed, 08 Oct 2008 15:13:17 +0000 http://www.thelibertypapers.org/?p=2944#comment-60439 But, I don’t think an absolutely free market would have prevented this from happening.

This isn’t a question of regulation or not, this is a question of putting the power of the American taxpayer behind the two large market distortions known as Fannie Mae and Freddie Mac. Regulating them is putting a bandaid on a sucking chest wound. They should be broken up and their debts sold off to private banks.

]]> By: The Liberty Papers »Blog Archive » A Failure Of Regulation http://www.thelibertypapers.org/2008/10/07/the-credit-crisis-a-bipartisan-%e2%80%9cachievement%e2%80%9d/#comment-60431 The Liberty Papers »Blog Archive » A Failure Of Regulation Tue, 07 Oct 2008 23:57:08 +0000 http://www.thelibertypapers.org/?p=2944#comment-60431 [...] overcome the institutional incentives against rocking the boat. As Stephen pointed out earlier today, even when there are voices pointing out these problems, the regulators couldn’t seem to find [...]

]]> By: SplendidMarbles http://www.thelibertypapers.org/2008/10/07/the-credit-crisis-a-bipartisan-%e2%80%9cachievement%e2%80%9d/#comment-60430 SplendidMarbles Tue, 07 Oct 2008 22:31:36 +0000 http://www.thelibertypapers.org/?p=2944#comment-60430 I agree that this financial disaster is an achievement that both sides of the aisle can cheer. But, I don’t think an absolutely free market would have prevented this from happening. Well thought out regulation serves the public good. What we’ve witnessed is the uneven application of pressure from well-funded interest groups to get their way – whether it’s investment bankers or lobbyists pushing social agendas. Check this bailout rant I wrote – you may enjoy it.

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