Monday, September 08, 2008

I'm sure you've all heard about the Fannie/Freddie bailout. Only $200 billion. I suspect that it will be more, because bailouts are always underestimated. I guess the bailout has been in the works for a while, but it's still a bit of a surprise. Of course, big business has the concerned ear of government and can squeeze out goodies for itself by the barrel. After all, the government is not paying for it, at least not in any meaningful way. WE are paying for it.

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