June 27, 2012
It is hard to believe that Fannie and Freddie are still in business, quietly wrecking the housing market. Instead of shutting their doors, Congress throws a bone to encourage corruption in the IPO market with the JOBS act. Yet another reminder that the fix is in and it is time to invest internationally before the dollar goes the way of Fannie and Freddie. And to avoid US mutual funds and etf's that might buy into some of the corruption coming down the pipeline.
Here's a thought: veto all cute acronym bills.