In Mammon Among Friends, Malcolm C. Harris, Sr. provides commentary and news about the national economy, the Wichita economy, the world of finance, and utility & postal economics. Experiences such as a utility commission staff manager, forecasting postal volumes and revenues, consulting on utility regulation, and teaching corporate finance have shaped his analysis.
Tuesday, September 09, 2008
Welcome to our merry band of "ideologues," Mr. Secretary.
The Wall Street Journal feels vindicated by the nationalization of Freddie Mac and Fannie Mae, but worries that the reforms will not be soon through to the end. In today's editorial, they are feeling their oats. Meanwhile Senator John McCain and Governor Sarah Palin pledge to see that job through in an Op Ed piece today. Sen. McCain reminds us he warned over two years ago, "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose."
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