Republican Senator Bond tried to oust regulator during Fannie Mae probe

Just in case you thought Fannie Mae would only have Democrats in their pocket,guess again. The St.Louis Dispatch reports:

In a somber Senate speech last month, Sen. Christopher "Kit" Bond said the government takeover of mortgage giants Fannie Mae and Freddie Mac provided an opportunity to create a tough new regulator with stronger powers and better leadership.

In an interview afterward, the Missouri Republican said that without stronger government oversight, the takeover would be like "painting the outhouse a different color — it doesn't improve the operation, or the odor."

But four years ago, the scent regulators and watchdog groups detected was coming from Bond's office and his seemingly cozy relationship with Fannie Mae officials.

Read the whole article.It's time to separate housing from state.