Greed for political power and greed for money are both toxic. When you combine them you get a financial crisis of earthshattering proportions. Read the greed for politcial power argument over at Hot Air where Ed Morrissey analyzes a 1999 column in the NY Times where Steven Holmes actually predicts a government bailout of Fannie and Freddie during an economic downturn.
I’d say we’re flying blind at the moment. It may be the right thing, it may be the wrong thing but there is no flight path and I’m not sure we can land safely.
