(Money/Politics) I Think I Need Some Antacid or Something

Sep 21, 2008 11:19

'As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program “Good Morning America,” the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”'

If there are any words you don't want to hear from the likes of Fed Chairman Bernanke and Treasury Secretary Paulson, it's that the economy is (or at least was) days away from a complete meltdown. o_o

Instead, they get a $700 billion credit line to buy up bad mortgages to save stuff. Ugh.

politics, money, serious posts

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