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Comment Re:Fannie Mae/Freddie Mac HOLY CRAP (Score 1) 355

From his testimony: "At best, this mixing of private and political incentives creates marketplace confusion; at worst, it leads to a serious misallocation of capital and an increasing risk for American taxpayers."

Isn't this pretty much what every classical liberal, libertarian, or generally right-leaning economist has been saying since the advent of their respective positions? This guy was hardly on to something novel.

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Every nonzero finite dimensional inner product space has an orthonormal basis. It makes sense, when you don't think about it.