Friday, September 19, 2008
RTC 2.0: "Fixing" the Credit Mess
I'm highly skeptical of any government-based "fix" for this or that economic problem (I know, we'll make this new company called "Freddy May". . .). Some companies need to fail. However, the rules seem to bend and mutate the closer they get to the black hole of government intervention. Certainly, the markets seem to be in favor of the new fix being discussed (BTW, McCain is already on board). This comment from NRO seems to shed a little light on the subject, especially the reader's email at the end. Rush says all this can be traced back to Democrats in congress, who make these messes, get money from them, and then get to sit on the investigation committee afterward. Maybe Stephen can weigh in with his understanding of how all this works.