Virtually from its beginning the Obama administration has been marked by a disregard for the law. Yet the administration’s supporters have been mostly unmoved by this aspect of the government’s action. This seeming indifference to the continual flouting of laws, constitutional principles, and precedent has also extended to Wall Street. Yet now, thanks to a revelation about the fraud being perpetrated by the Obama administration upon investors in Fannie Mae and Freddie Mac , investors have finally seen the cost of this lawlessness.
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