Wednesday, July 23, 2008

Understanding the Bank Bailout

Most of us could add that we did not contribute $150K to any Jesse Jackson shakedown dinners.
HT: BigPic


grumps said...

Do you accept any responsibilty for supporting the deregulators who created the environment which allowed this to build to this level?

Dad29 said...

Umnnnhhh....the bailout here is Fannie/Freddie. Has little to do with "deregulation." In fact, you will find that Fannie/Freddie were encouraged by Congress (mostly the Lefties therein) in perpetrating their scams.

However, as you know, Grumps, there are no regulations which will kill off greedy manipulators, nor practiced criminals.

So I support de-regulation, AND long sentences for crooks, including Congressional crooks.