Well, Uncle Sam removed the second most important part of the free market, loss. Let this be a perfect example of why government entities should not compete in the free market because their sheer participation perverts the free market into a limited market with limited market forces. So, here is the new business plan.
- Get big
- make dumb decisions
- sell to government in the name of public safety
- jet off to Bahamas for nice retirement.
get your bags packed! In the name of our future retirement, I wrote a new/improved nursery rhyme…
Fannie and Freddie sitting in a tree,
k-i-l-ling our economy.
First comes a loan,
then a fore-closure,
then comes Uncle Sam with a bail out clause
the last line doesn’t rhyme, but whatever.
One response to “Fannie and Freddie, Sitting in a Tree”
you should write children’s nursery rhymes.