Speaking of Sen. DeMint — which I just did — I meant to say something last week about his proposal that, now that we’re bailing them out, it’s a good time to ban Fannie Mae and Freddie Mac from "lobbying and political activities."
I may not understand why we’re bailing out Bear Stearns, but I sorta kinda understand it with Fannie and Freddie, them being quasi-governmental. But if they ARE quasi-governmental, they shouldn’t enjoy the lobbying privileges of the private sector. As I’ve often said in the past about state agencies, taxpayers should not have to pay for gummint entities to lobby the gummint.
The advisability of what DeMint is recommending is underlined by a lengthy lament from the WSJ‘s editorial page editor today, about the network of influence Fannie already enjoys (including, interestingly according to him, Paul Krugman).