"The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come."
Another bipartisan screwup? But I still think the bailout needed to happen. If there would have been a run on the banks, the world economy would have crashed.
But just like most goverment solutions, the devil is in the details but easily obscured.
Thomas Sowell: There are no solutions, just trade-offs.
