Why The Bailout is a Terrible Idea
Posted in: Government, Opinion at about 9am
Just found this Article from CNN: Commentary: Bankruptcy, not bailout, is the right answer via Gene Veith
Excerpt:
The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. [...]