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| Home Front Economy |
| Going for Broke |
| 2008-09-12 |
| In bailing out Fannie and Freddie, the feds up the ante on a bet that they may not be able to cover. |
| Posted by:tu3031 |
| #6 What is disappointing is that no political candidate, who plainly names and blames the institutions and attitudes that produced the current crisis, can be elected to office. That's because both parties are dirty up to their necks on this. |
| Posted by: Deacon Blues 2008-09-12 18:51 |
| #5 AH, when you say "US media & intelligentsia" you could substitute "liberal elite". With the collusion of the Republican RINO's. Their political policy's and regulations w/r risky home loans for minorities created the environment for much of this and in addition a shaky economy benefits them in this election year. There is no incentive for the leadership of the congress (Democrats?) to truly solve anything until after Nov 4. |
| Posted by: tipover 2008-09-12 18:20 |
| #4 What is disappointing is that no political candidate, who plainly names and blames the institutions and attitudes that produced the current crisis, can be elected to office. The US media & intelligentsia could have informed the electorate on this problem far better than they have so far done, but they have other fish to fry. Eventually the current economic crisis will occupy the national attention, when sufficient pain is felt. This far transcends party politics. |
| Posted by: Anguper Hupomosing9418 2008-09-12 15:43 |
| #3 What is disappointing is that both political parties are so intertwined with, and willing to be bribed out of making, the parasites who created this mess the political issue they ought to be that the topic is unaddressed in this election. No change. |
| Posted by: Nimble Spemble 2008-09-12 15:22 |
| #2 Actually, we are well into the middle of an unfolding economic nightmare. The US has been living beyond its means for years, with negative domestic savings and reliance on foreign purchases of its debt. If its credit markets should lock up, large numbers of businesses will close and large numbers will be thrown out of work -- that was the essence of the Great Depression and the many previous financial Panics in US history. The US Treasury & the Fed are trying to prevent that, or at least mitigate the pain. |
| Posted by: Anguper Hupomosing9418 2008-09-12 15:00 |
| #1 This is a nightmare waiting to happen. |
| Posted by: Deadeye Phens7165 2008-09-12 12:45 |