Friday, September 19, 2008
And now the Decider
George Bush just said he wants to "solve" the financial problems before sorting out the origins of them ("There will be ample opportunity to debate the origins of this problem. Now is the time to solve it."). Apparently there are also outrages due to investors doing things for "personal gain". Country First! He also claims that money spent on these assets can be recovered, so implicitly, no need to raise taxes. After bashing America's financial regulatory institutions as being too old, he then hails the 60 year history of the Federal Deposit Insurance Corporation.