Sunday, March 22, 2009

WHEN A WINGNUT GETS IT RIGHT

I almost never agree with Dan Riehl but he nails the newest crap sandwich proposal from Geithner/Obama:
Obama has been screaming for two months that a lack of regulation got us here. Now he wants to underwrite investments for the least regulated actors of them all by huge margins. And he's also talking about now regulating them more, but how and when? The intellectual dishonesty in all this is incredible.

The latest version of the "socialize the losses" plan is a terrible mistake.

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