The Truth About the Bear Stearns Bailout
Gretchen Morgenson has an excellent explanation in the Sunday NY Times business section of what’s really going on with the Federal Reserve Board’s bail out of Bear Sterns. Highly recommended if you want to see who’s getting the benefit of your U.S. tax dollars. I hope one of the cable-news channels gets Gretchen to explain it on camera on Monday.
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Nice article, Doug. Thanks for the link. At least a few people are willing to call the bailout what it is.
Comment by Ken Kennedy — 3/17/2008 @ 8:44 am