Whether we’ll admit it or not, we are a communist nation. As such, no one is free to fail. No one is free to succeed either. In fact, no one is free at all. We are all pawns in the hands of the politicians - those proud men and women who tell us that they [...]
Archives for posts tagged ‘bailout’
The cost of government irresponsibility
Saturday, 23 August 2008
The biggest taxpayer bailout in the history of the United States is inevitable.
The inevitability of a taxpayer-funded bailout of Freddie Mac and Fannie Mae, the hobbled mortgage behemoths, shook investors last week, and shares in both companies plummeted on fears that existing stockholders would be wiped out.
These government-sponsored entities guarantee or hold $5.2 trillion in [...]
Washington, D.C.: teaching Americans bad decisions have no consequences
Thursday, 10 July 2008
The most irresponsible and childish group of senior decision makers in America is once again pandering to voters. This time, they’re sending a strong message - yes, you can do whatever you want without any consequences.
WASHINGTON - Hundreds of thousands of homeowners could get safe, cheaper loans rather than losing their homes under a massive [...]
