Matt Taibbi nails it on Fannie, Freddie, and the Washington - Wall Street kleptocracy.
He's the only guy on the left who has a clue about this stuff.
I do think he's being a little unfair to capitalist conservatives, though. He presumes that conservatives/Republicans defend the kleptocracy to benefit Wall Street. He's wrong. Conservatives overwhelmingly opposed the bailouts and the TARP. We want free markets, not crony capitalism. Taibbi should go to a Tea Party. He'd be surprised to learn how much he has in common with us.
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
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There are very few financial problems that can't be solved by a suitable application of asset bubbles.