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Everybody Hates the Bailout !

Posted on September 29, 2008

It has been very difficult, almost impossible, to find anyone willing to go on the record as approving of the soon-to-be-implemented bailout by the Fed and the U.S. Treasury of the U.S. and world economy.People seem to think that this is a Wall Street bailout, a life preserver thrown to rich guys who caused all the trouble in the first place. I think there will be plenty of time for recriminations once the smoke has cleared. But meanwhile I want to emphatically make the following point.THIS IS A BAILOUT OF MAIN STREET TOO!If Wall Street and the global banks fail, so will your local bank and yo...

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bernanke , deficit , economy , fed , game , money supply , system , taxes , the fed