Tuesday, September 23, 2008
A thought provoking article was written yesterday by Terry Jones at Investor's Business Daily concerning the debockle of Fannie Mae & Freddie Mac. Let's not forget that many of the decisions that have caused this debacle have been on a democratic watch (house & senate rule), not that soely of President Bush. While many republican are to blame as well, the real losers in all of this will be our children, who will end up paying for this in the next 20 years. I hope legislation will be passed that when a company looses millions of dollars and goes banrupt that the board of directors don't walk away with 10, 20 & 40 millions of dollars.