September 8, 2008

Take overs or Take out

Today saw the government takeover of the two premier financial institutions in the U.S., Freddie Mac and Fannie Mae. Those institutions were perhaps the first to be privatized and, as with other privatized organization, they were systematically looted. My question is whether taking over the banks was such a good idea. I mean as a country we are busy printing money to back loans and institutions when we don't have the money to back up what is in circulation. When private people pass fake money, they go into jail. Hmmmm, I wonder what happens when a country prints bad money...does it go to jail? We need to take out the folks in charge and elect people who are not neo-conservatives who believe that they can control everything if they just find the right spin-meister. Until peace, know peace

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