Andrew Leonard on Sarah's gaffe

Sarah Palin explains Fannie and Freddie

On Saturday, Gov. Sarah Palin summarized her views on the Fannie Mae/Freddie Mac mess:

"The fact is that Fannie Mae and Freddie Mac have gotten too big and too expensive to the taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help."

On its face, the first sentence doesn't make much sense. For the last 40 years or so, Fannie Mae and Freddie Mac have been private entities, and haven't cost the taxpayer a dime.... (Andrew Leonard, How the World Works)