A random trip around the horn makes for a fun blog, but not if every spot I stop at around the horn leaves me disgusted.  Such is the case today. In Washington D.C. policymakers argued this week that the way to fix the largest debacle in the history of the United States Treasury (Fannie and Freddie) is to give them more power, lend them more money, and enable them to do more lending, all in an effort to artificially boost the asset prices of a housing sector that blew up the last time the … [Read more...]