Consider that in 1990, roughlyhalfthe globalpopulationlivedon less than $1 a day; by 2007, the proportionhadshrunkto 28 percent -- and itwillbe lowerstill by the close of 2010.
Not surprisingly, they call for Fannie and Freddie to be dramatically shrunk when market conditions allow, and for their subsidies to be explicitly recognised on the federal books.