U.S. Rethinks Roles of Fannie, Freddie
Isn’t this something we should have addressed before the crisis? Indeed, weren’t there people trying to get changes made at Fannie and Freddie for years? Now, government wants to rethink their roles? Rethink them how? To figure out how best these institutions can benefit politicians? Or the banks who [...]
From Tom Smith at The Right Coast:
It looks like we are pouring a lot of money we don’t have into technologies that very well may not work to solve a problem we are not sure we have.
It is a mystery to me how investing borrowed dollars in ineffcient sources of energy could be the answer [...]
From John Stossel’s Politically Incorrect Guide to Politics:
Ambrose Evans-Pritchard reports on a Citigroup research note predicting that gold will rise to $2000 over the next two years.
The bank said the damage caused by the financial excesses of the last quarter century was forcing the world’s authorities to take steps that had never been tried before.
This gamble was likely to end in one [...]
