[quote=california rick]If "free-markets" are so good for the economy - why did the U.S. government "seize" Freddie Mac and Fannie Mae over the weekend?

Bear in mind, california rick, that Freddie Mac and fannie mae are not free market entities. They are government creations with private investors. Also keep in mind that a prime point in this article is that when the Republican Party talks of free markets and limited government, it is a lying hypocrite -- much like the Democratic party is a lying hypocrite when it pretends to be concerned about racism, sexism, and other politically correct crap it harpson when it is advantageous for it to do so.

As to California's stupidity (or more probably political corruption) in regard to the half-assed 'privatation' scam its government got into, it has nothing to do with free markets or this article.

As to housing's third black mark since the 80's, I am afraid you have me at a disadvantage. What black marks?
Yours,
Issodhos

"When all has been said that can be said, and all has been done that can be done, there will be poetry";-) -- Issodhos