Tuesday, September 16, 2008

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

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