"imperial overreach" is exactly right. Republicans give lip service only to smaller government. Both Reagan and Bush are spend! Spend! Spend! leaders who try to appease the masses with more bread and circuses. I really wish we could give the Libertarian approach a try - but I think it's too late now. Sadly I agree it looks like more intrusive and bigger government.

Does anyone actually think that government will do a better job of running Freddie and Fannie or the rest of our growing portfolio of zombie companies?

Better job running Fannie and Freddie than who? The guys who turned those companies into zombies?

I don't think they could of done worse, at least they wouldn't have split the mortgages into tranches and sold them as bonds after bribing an underwriter to rate them all "AAA". Even the crooks in the government aren't that creative, it takes Wall St. to turn high finance into felonies.

Screw the libertarian approach. That's the approach that has been used with the financial market. That's why we are where we are now. Libertarian? C'mon. That means doing away with plant managers, ceos, oversight, auditing, traffic rules. Jeezus, you gotta have rules, and you gotta have enforcement of those rules, which require people to occupy a position of responsibility to ensure proper order in society are upheld. BUT, those folks must be held to account, and that's our problem, WE are not holding these people on wall street to account. Email you congress critters and tell them that you will do everything in your power to vote them out next term. Don't bother with telling them you're pissed. They could care less. At least I have Marcy Kaptur. She's the only one standing up to this FUBAR. Libertarianism is an excuse to screw yer neighbor.

Jeff