The pussycat that roared.
| Author | Peters, Charles |
| Position | Tilting at Windmills |
Federal regulators often behave like pussycats. The reason is not that they are bad guys, but that they fear that their budgets might be cut by congressional friends of the regulated industry in case the industry finds them too tough. That is why the fellows at the Office of Federal Housing Enterprise, led by its director Armando Falcon Jr., deserve special praise. They blew the whistle on Fannie...
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