Bailouts R Us - Dial 1-800-PAU-LSON
Bear Stearns, Fannie Mae, Freddie Mac... we lost three in a row before finally winning last night.
But tonight the bailout continues:
In a bid to save financial markets and economy from further turmoil, the U.S. government agreed Tuesday to provide an $85 billion emergency loan to rescue the huge insurer AIG. The Federal Reserve said in a statement it determined that a disorderly failure of AIG could hurt the already delicate financial markets and the economy. (AP)
Treasury Secretary Paulson had me for about 24 hours, then lost me. I still think Bernanke is a lost cause.
We need a return to sound money.
Tim White
No comments:
Post a Comment