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Fannie Mae is an excellent example of a former government institution fulfilling its mandate while functioning in the market economy.
Newt Gingrich, circa 1995, when he was still House speaker. Gingrich went on to do work for both Fannie Mae and Freddie Mac — the mortgage giants that both his party and his rivals for the GOP presidential nomination now primarily blame for the financial crisis.
# posted November 15, 2011