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"An appeaser is one who feeds a crocodile, hoping it will eat him last."
Sir Winston Churchill

10.12.2008

So How's That Bailout Working Out?

World markets down 20% in the week after it was announced.

Perhaps the fact that it created a bureaucratic potentate rather than addressing either the bogus underwriting undertaken by Fannie Mae and Freddie Mac to help line Democrat pockets and buy Democrat votes or the "mark-to-market" accounting nonsense insisted upon by "populist" Democrats may have had something to do with the stinging rejection of the free market.

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