Tuesday, September 30, 2008

The Credit Freeze

Another good view...they think the cookie jar can be forced if they are persistant, they will keep trying.

Commentary: Bankruptcy, not bailout, is the right answer
By Jeffrey A. Miron Special to CNN

...Further, the current credit freeze is likely due to Wall Street's hope of a bailout; bankers will not sell their lousy assets for 20 cents on the dollar if the government might pay 30, 50, or 80 cents...

Only dont think government, think our children!

See also Baalout of Baalam

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