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Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
On May 13 12:02 PM bbowen7 wrote:
> Who would have believed it just a few short years ago? The government
> takes over GMAC and uses it to finance the car companies that it
> jointly owns with the UAW. The government puts billions more into
> Fannie/Freddie to pay for government-supported liquidation of mortgages
> which they encouraged. The government plans to determine the compensation
> structure of the financial industry. And by the end of the summer
> we will have the Pelosi/Obama plan for managing nationalized healthcare.
>
>
> The Soviet model of a centrally-controlled economy worked for quite
> awhile, but eventually collapsed from coruption and indifference.
> For us, the arrogant belief that the government knows better than
> individual people and companies is a bigger threat than the huge
> debts that the Obama administration is racking up.
Wall Street Breakfast: Must-Know News [View article]