Terence Corcoran of the National Post blames "out-of-control back-door socialism", not "rampant capitalism" for the current credit crisis.

There is nothing free market about the two American mortgage backers, hybrid institutions created by the U.S. government to support mortgages and make home buying easier and more affordable for Americans. Fannie Mae and Freddie Mac, prodded by Congress and regulators, socialized trillions of dollars of mortgage risk on the backs of U. S. taxpayers. Along with dozens of other U. S. government programs that lured American's into a home-buying frenzy, the two institutions -- now getting even more socialist backing from Washington -- stand among the leading creators of the U. S. mortgage and credit crisis.