Tuesday, January 13, 2009
Bail Me Out
Fed Chairman Ben Bernanke suggests that more bailouts are needed in order to revive the economy. What concerns me is there is no talk about how the money is allocated and managed. $800 billion is a hefty amount of money, very hefty indeed. Too hefty to just be given away to institutions that made very bad lending decisions that, for the most part, were based purely on greed.
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