by Smitty (h/t Hot Air)
...until the 10th Amendment is interpreted to preclude Federal involvement with individual citizens, e.g. through mortgages.
The only surprise about the Federal thuggery in lifting the Fannie/Freddie caps is that anyone is surprised. Power will be (ab)used.
States should be a blast shield between the Federal beast and citizens. Both citizens and the Federal beast should watch the states.
Political candidates making bleating noises about "reforming" Fanny and Freddie will be ridiculed remorselessly. These Federal vampires need nothing less than stakes in their hearts.
The Most Interesting Liar in the World™ - [image: Image and video hosting by TinyPic]
2 hours ago