Rule of Law For Me, Not For Thee

This article originally appeared at the Weekly Standard. Click here to read the full article.

By Ike Brannon

Should the government give different protections to different classes of property owners based on a politician’s ability to demonize them? The Senate Banking Committee may weigh in on this matter when it considers a proposal to reform the mortgage-finance market on Tuesday.

The question arises in the context of the government bailout of Fannie Mae and Freddie Mac. The terms of the 2008 conservatorship imposed upon them gave the federal government just less than 80 percent of the stock in the two entities, with private shareholders keeping the other 20.1 percent.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s