Sunday, 28 September 2008

Economics: A Bail Out Constructed By Lawyers

It seems to matter not to the politicians who are constructing a bail-out not primarily for the folks on Main Street but designed to get them re-elected to Congress or elected to the White House.

Who cares what the professionals at the Federal Reserve and the Treasury Department believe is the best solution to the greatest threat in nearly 80 years to the world economy.

There will be a bail-out and it will pass the House. But it will be a pale version of what could have been on Thursday.

Lets just hope (in vain?)that common sense will prevail...

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