Jim Geraghty notes a startling quote by Christina Romer, the chair of the White House Council on Economic Advisers, who said of Fannie and Freddie, “What is going to be the way that gets these institutions safe, gets them doing what we need them to do, which is lend like crazy, and just basically functioning again for the economy.” The Obama administration seems intent on replicating the same conditions that got us into this crisis as a way of getting out of this crisis.
