And now, for Fannie and Freddie

Oscar Wilde once described the British aristocracy’s peculiar predilection for fox hunting as the “Unspeakable in pursuit of the Inedible”. In today’s world, the ruling elites in most countries tend to focus their attention on saving their respective financial sectors, with a view to ensuring systemic stability even as idiosyncratic failures abound (see The New Brahmins, […]