Too Big To Fail?
The two giant, government sponsored, mortgage dealers Fannie and Freddie are supposedly too big to fail. Some commentators even predicted the end of the world in case of failure and bail-outs are on everyone’s agenda. Where is the Antitrust Commission when you need it? Hasn’t the government attacked large corporations before? Broken them down to smaller more manageable pieces? AT&T comes to mind, Standard Oil, etc…Nobody talked about the end of the world then.