Michelle Malkin gives a good summary of the late night deal between the Obama and Bush administrations for more good money after bad. Read it here…
Everyone wonders why including the idiots on Capital Hill why the banks are not lending the money out? Well, the banks must shore up their balance sheets which given the leverage banks lend out at are now in shambles: By the way include in this the “mark to market accounting rule” which IS THE REASON for this mess. Government interference in the free enterprise system will prolong this mess as they CAUSED this mess.
I will have write another post just to help explain why those simple accounting rule changes caused this “crisis”…
