The one thing that really comes out in the clip is how often Paulsen, Bernanke, and others have either been wrong or lied about where things stood. Now they want, particularly Paulsen, carte blanche with our money to deal with the problem. I don't think so.
Tuesday, September 23, 2008
No Bailout?
I don't agree completely with this guy--for example, the bailout might be feasible if we (the taxpayers) take an ownership interest in the companies we bail out equal to the decline in value of the securities purchased by the government--but he makes a lot of sense. The clip is really worth watching to the end.
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