Public policy is determined by elected governmental officials and appointees who are responsible to them.  This is the nature of accountability and representative government. As citizens we are all free to criticize and vote for our favorite choices.  One person, one vote. At "A Dash" we are disturbed by recent commentary that suggests that trading in financial markets should dictate public policy decisions.  No one elected the financial managers nor the pundits.  Their interests are not necessarily aligned with the overall economy, the housing market, nor (especially) the GSE's --- Fannie and Freddie. The dividing line is clearly stated in this article by Zac Bissonnette at Blogging Stocks.  He contrasts the opinions of two people whom we admire, Barney Frank and Warren Buffett.  Here is the analysis: In an interview with Money, Frank was asked about Fannie Mae and ...