The last one was here. This one is is response to this post by him.

Subject: Thomas Firey on GSEs

You say he “calls Fannie a “much needed lubricant to the mortgage market.”” Reading the link that quote appears in the past-tense, referring to its creation. He states that it was a suboptimal solution due to the bad regulations on finance on that time. He also advocates right now (he links to a piece in the WSJ) breaking up the GSEs into smaller entities that are not “too big to fail”. I would suggest that you edit your Lew Rockwell blog-post so as not to mislead anyone who doesn’t read that second link and thinks it is anything like the first (which is exactly how you made it out to be).

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