Replies to post #635461 on Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

In the here and now it’s practically universal - but I will say - universal law is for lackeys ... context is for kings

[Robert from yahoo bd]

I think if you study US business history PRIOR to the creation of the Federal Reserve, the Sherman Anti-trust Act, the creation of the SEC, and other governmental "interference" with the free markets, you will see deeper troughs and higher peaks than what we have now.

Didn't JP Morgan in essence take on the role of lender of last resort prior to the creation of the Federal Reserve?