I agree with both of your points. My question was whether the New York Times was throwing out the idea of democratic responsibility as a form of obligatory unbiased. The idea that the agencies were Democratic strongholds would seem to undermine the claim that they were simply accommodating Democratic demands.
Of course, Democrats were ultimately responsible by stupidly semi-privatizing them -- privatizing the profits and socializing risks. On Behalf Of Jim Devine I don't know the details of this case, but (1) the DP was part of the process of deregulation, perhaps as a passive partner to the GOP; and (2) Fannie and Freddie are renowned for being DP strongholds. Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901 michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
