Generally speaking we are for things being private and as far from the hand of government as is feasible. But right now some hedge funds are buying up preferred shares of Fannie Mae in hopes that the mortgage behemoths will be privatized. They are betting that the government will opt not to liquidate the entities but instead will seek private hands to take them over.
Jesse Eisinger at ProPublica tells us to forget about the revolving door for the bigwigs like Mary Jo White at the SEC. The real action happens at the lower levels were people don’t pay attention. It is in the anonymity of the bureaucracy where the deeds are done, corpses buried, and favors paid.
Unfortunately, that appears to be the case. We hope you will immediately write Congress and tell them to stop—there may not be much time. By hitting the Action Alert button, you will find it easy to sign a petition that will be sent to your senators and congressional representative. Action Alert!
Don’t Let Congress and the President Kill the Charitable Deduction! Charities—and the people charities help—depend on it for survival!
In the attached article Daniel Henninger at the Wall Street Journal explores the increasing divide between those who believe that the public sector should have a larger role in society and those who do not.