Tuesday, September 16, 2008

The Year of The Bailout!

2008 is going to go down as the Year of the Bailout. How many more will there be? Sure Bear Stearns was 'bought' by JP Morgan, but only because the government backed all those trashy mortgage bonds that no one else wanted to pony up for. Fannie and Freddie were just bought by the government outright and we will be paying dearly for it for YEARS. All the bank failures are going to be paid for by us. Are we bailing out the failing automakers too? The airlines? When is enough enough? I'm outraged!

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