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Constitution. if the fed said let b.p. drill where the state of louisiana permitted it to drill and where it wanted to drill, none of this would have happened. if b.p. had insurance instead of liability cap, the cash would have been set aside for a professional, not a political clean-up. still, the feds haven't learned. yesterday, as you know, the major stock exchanges delifted fannie and freddie. those would be the huge banks that own hundreds of thousands of residential mortgages. the banks bought many thousands of mortgages from other banks. in fact, fannie and freddie encouraged reckless l...

Constitution. if the fed said let b.p. drill where the state of louisiana permitted it to drill and where it wanted to drill, none of this would have happened. if b.p. had insurance instead of liability cap, the cash would have been set aside for a professional, not a political clean-up. still, the feds haven't learned. yesterday, as you know, the major stock exchanges delifted fannie and freddie. those would be the huge banks that own hundreds of thousands of residential mortgages. the banks bought many thousands of mortgages from other banks. in fact, fannie and freddie encouraged reckless l...