Friday, September 19, 2008

FEDERAL GOV'T TAKING OVER FINANCIAL SYSTEM?

NEWS ITEMS: Feds take over Fannie Mae; Feds take over Freddie Mac; Feds assist AIG; Feds assist Money Market funds; Feds change the trading rules of the NYSE; etc., etc.

  • Does all of these actions amount to a Federal govenment take over of the loan and financial markets?
  • Is this a "Nationalization" of an important segment of the U.S. economy?
  • Where will this all end?
  • Where will all of this money come from?
  • How much more of the economy will be assumed by the government?
  • How much will it cost us, and our children?
  • Why wasn't the market allowed to take care of its own problems?
  • How could all this mess been avoided?
  • Will anyone or any company or government agency be held responsible?

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