Dan Abel > wrote:
> (Steve Pope) wrote:
>> If you're complaining about Bear Stearns, then I agree, but
>> I don't see any other examples so far, in which the governement
>> wasn't merely making good on its own responsibilities.
>You've nailed it, Steve. A US$30 billion bailout.
Yeah, I think the Bear deal was squirrely. Unlike past bailouts
(Lockheed, Chrysler) it was just a back-room deal with no
vote in Congress or anything.
However I think the bailout of Fannie/Freddie is reasonable,
because after all they are government entities. It kind
of spooks me to see winger members of Congress talk about
how we should just default on what is essentially government debt.
Steve