PostHeaderIcon Foxes & Henhouses

John posted this link to the Ayn Rand Center’s analysis of our current fiscal crisis on the old RR Forum last night. It included a cogent quote from Ayn Rand, circa 1975:

“One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary.” –Ayn Rand, 1975

I am still working my way through the many on-point articles there; but I just got a YouTube link from Troy that is a devastating indictment of certain members of the Democratic Party. It has clips from old C-Span broadcasts of hearings of the House banking committee, where regulators and Republicans were calling for reigning in Freddie and Fanny Mac, to the chagrin of Democrats who thought their loaning 100% to their ghetto constituents for housing loans was precisely why they existed. I had no idea there was such a racial component to this mess. No wonder nobody in DC is willing to discuss the truth about how it happened. ◄Dave►

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