More Voices Join Anti Corker-Warner Chorus

The number of thoughtful critiques of the contemplated federal takeover of home mortgage lending grows daily. And what an eclectic group these critics are with the likes of Ralph Nader making common cause with the American Enterprise Institute.

Two of the most recent entries into the discussion are particularly worth reading. First is George Mason University professor, and Pulitzer Prize winning commentator, Steven Pearlstein, writing in The Washington Post on January 17, Pearlstein makes the case that, contrary to popular mythology, Fannie Mae and Freddie Mac, while not entirely blameless, did not cause either the financial crisis of 2008 or the mortgage crisis that triggered it.