The Editors’ Quote of the Day:
“Yea, Buddy! We know how successful them public-private partnerships are! Think on the public-private mortgage creation motors, Fannie Mae & Freddie Mack. Both belly-upped in 2008, but not before they had glutted the mortgage market with zillions in soggy, sorry, worthless mortgages. Been under federal government receivership ever since. Or what about another public-private partnership success, the Federal Reserve System? Now in fact it ain’t federal, and it hath no reserve, and there ain’t even much system about it. But like putting lipstick on a sow, they gussied it up in 1913 with a Board of Governors that the president …