Thursday, July 17, 2008

a fun juxtaposition

Paulson Lobbies Congress to Get Fannie-Freddie Rescue Approved
Bernanke: Fannie, Freddie Not Failing

Again: these folks ain't any smarter than you & me... they've just got more money!

So... Secretary of the Treasury Paulson is worried Freddie & Fannie might fail, but FedMeister Bernanke opines there's no problem!

Not new, just weird: politics & reality don't quite coincide!

Stop the madness!

[FYI: my wife discovered today that her portfolio had lost ~10% since 1 July! She was shocked.]

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