- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
- GOP offer to fix VA gives $10 billion in emergency funds
- Paul Ryan offers to repair U.S. economic safety net with a single grant stream
- Kim Jong-un builds bond with Putin: $250M Russia-backed addition to key port opens
- Pope Francis meets Meriam Ibrahim, a Sudanese woman sentenced to death
- Detroit porch shooting trial: Suspect says he didn’t know gun was loaded
- U.S. Navy admiral ‘receptive’ to giving Chinese counterpart a tour of carrier
- Islamic State orders female genital mutilation for Mosul girls, U.N. says
SOWELL: A political ‘solution’: Part II
Question of the Day
The Wall Street Journal, which has for years been sounding the alarm about the riskiness of Fannie Mae and Freddie Mac, recently cited Mr. Dodd along with New York Sen. Charles Schumer and Massachusetts Rep. Barney Frank, also Democrats, among those on Capitol Hill who have been “shilling” for these financial institutions, downplaying the risks and opposing attempts to restrict their free-wheeling in the mortgage market.
As recently as July of this year, Mr. Dodd declared Fannie Mae and Freddie “fundamentally strong” and said there is no need for “panicking” about them. But now that the chickens have come home to roost, Mr. Dodd wants to be sure to get some goodies from the rescue legislation to pass out to people likely to vote for him.
Don’t make any bets on how this situation will turn out - except that we can predict politicians will blame the “greed”of other people. You can bet the rent money on that.
Thomas Sowell is a nationally syndicated columnist.
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