Comments | fpb: How Bush II capitalism works

fpb

How Bush II capitalism works

Jul 17, 2008 06:23

Robert Novak is one of the most famous conservative journalists in America. He is, thank God, an honest man, and is quite willing to tell truths uncomfortable to Republicans. Today's column about Fannie Mae and Freddie Mac is required reading:

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politics, republican folly and corruption, democrat folly and corruption, economic crisis, american politics, credit crunch

Comments 4

affablestranger July 17 2008, 05:45:37 UTC

Aye. The more things 'change' the more they stay the same.

rfachir July 17 2008, 23:37:34 UTC

It's Goldman Sach's speculation in oil futures which has the economy in a strangle-hold today. 78% of oil futures are held by people who can't take delivery. They need to have the oil bubble burst all over them. There is enough oil for prices to drop - only speculation is keeping the price so high. Goldman Sachs doesn't need Trillions in mortgage money, too.

norwyn July 20 2008, 04:48:12 UTC

Once again, I am thankful for my stomach medications. Is it any better there? Are there any vacancies nearby? I can't handle much more of the stupidity.

fpb July 20 2008, 05:01:53 UTC

Well, it's part of planet Earth - alongside with occasional heroism, genius, beauty and goodness. We'll just have to be "tired and tolerant", as GKC had God Himself tell us. (Incidentally, it so happens that the three people who responded to this article are three living reminders of just how fine human beings can get.)