As most expected, the bailout provision did pass and is now law. And now the fun begins as our government is about to engage in an outsourcing binge with a $700 billion kitty. The stated intention of the Treasury Department is to employ a small internal staff (about two dozen people) to orchestrate and oversee the purchase of mortgages and
In my last post, I whined that no one in government was doing an adequate job of educating the public about the arguments for and against the bailout bill. My belief is that there is just too much information out there being thrown at us too quickly and no one is stopping to explain the fundamentals. I suggested we find Ron Popeil (of
[caption id="attachment_142" align="alignleft" width="175" caption="null"][/caption] In an appearance last week on Fox Business News I opined that one of the problems with the discussion of the bailout is that the government has done a poor job explaining the issues. I believe that the American public is plenty able to understand the plusses
A major reason for the collapse of the "Bailout Bill" was anger on Main Street that the bailout was really just about helping Wall Street. Why should the average taxpayer help the fat cats? And, in the ongoing discussion about what remedies to consider right now, there is another, albeit less-articulated anger: the anger of those homeowners who
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