Wednesday, May 05, 2010

Ezra Klein Has a Stupid Post on Frannie

This post from Ezra Klein seems particularly daft. Ezra Klein is going to great pains to distinguish Frannie from the rest of the financial world due to the fact that Frannie deals with housing and how thus Frannie should be dealt with in a separate housing bill not the FinReg. However, the impetus for the FinReg bill is in large part to prevent another "Great Recession". A proximate cause for the current recession was a bubble induced by the financing of housing of which Frannie where major players (though contributors, contrary to absurd claims on the right, not the cause of the current mess). The only valid point Klein makes is that Republicans are proposing a stupid policy which this day and age is the same as saying the sky is blue.

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