I find myself not too happy with Senator Tom Harkin (D-IA) today. It appears that on Wednesday he went on to the liberal talk radio show of Bill Press and said?
BILL PRESS:? Alright, well good for you. You know, we gotta work on that, because they are just shutting down progressive talk from one city after another. All we want is, you know, some balance on the airwaves, that’s all. You know, we’re not going to take any of the conservative voices off the airwaves, but just make sure that there are a few progressives and liberals out there, right?
SENATOR TOM HARKIN (D-IA): Exactly, and that’s why we need the fair — that’s why we need the Fairness Doctrine back.
The quasi-government mortgage organizations of Fannie Mae and Freddie Mac have incurred a large chunk of the responsibility for the system that allowed for abuse by financial intuitions and lenders that created the housing bubble and the financial crisis. Unfortunately congress and the President let themselves get sidetracked with health care reform and very little has been done to prevent a reoccurrence.
But last Friday, the administration put out a report that laid out a plan for reforming the housing market. A plan that would include the eventual elimination of both Fannie Mae and Freddie Mac.