Anyone else out there know how much raw badness this portends?
Nobody I've spoken to about this in the past couple of days - and y'all might be surprised at who this includes - believes that either of these two mortgage houses is solvent. And nobody in the government seems to be talking about anything but a bailout at the expense of the taxpayers.
More shades of that "Hell Époque" thing that I wrote about back in January.
The FedGov's answer to every question is now:
ReplyDeleteNATIONALIZE
Condsidering the debt load we are already carrying this strategy can only work for a protracted period (I'm sure the DemReps in D.C. are hoping it holds together at least through the November elections).
What a mess our country has become!