How the Democrats Created the Financial Crisis: Kevin Hassett
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_hassett&sid=aSKSoiNbnQY0
Sept. 22 (Bloomberg) — The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.
Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.
But really, it isn’t. Enough cards on this table have been turned over that the story is now clear.
The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_hassett&sid=aSKSoiNbnQY0
(Thanks to http://mccainpalin2008.blogspot.com/ for finding this and posting this!)
Monday, September 22, 2008
Another point of view on the financial crisis
Posted by Georgia Front Page.com at 3:07 PM
Labels: aig, banks, barack obama, bloomberg, crisis, economy, election, fannie mae, financial, freddie mac, joe biden, john mccain, president, sarah palin
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