The Current Economic Crisis
The more I hear about the “crisis”, the less I am convinced it is a crisis that requires spending any of my money (or inflating the currency to make my money worth less).
Banks lent money to people who couldn’t afford the loans. Why is that my problem?
Fannie Mae and Freddie Mac bought the bad loans from that they encouraged the banks to make and then became insolvent. Why is that my problem?
Today Senator Obama blamed greedy Wall Street speculators for the crisis while his advisors made $Millions off of creating the mess.