Thanks, Fed

The common stocks of Fannie Mae and Freddie Mac, two corrupt operations courtesy of our first fascist president, Franklin, are dropping like a stone. Has the Federal Reserve–freed from the remnants of the gold standard, that is, any restriction on money creation, by Dick “We are all Keynesians now” Nixon on August 15, 1971, finally destroyed the corporatist financial system? BTW, it was Nixon’s “closing of the gold window” that led Ron Paul to begin his public career as a spokesman for sound money. (Thanks to John Regan.)

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11:39 am on November 20, 2007