November 12, 2008Conservatives such as myself warned back in September that the Bailout Bill proposed by Secretary of the Treasury Henry Paulson, passed by Congress, and signed into law by President Bush, was a socialist disaster in the making. The bill was supposedly passed to help shore up our nations credit and unfreeze the credit markets. Aside [...]
September 17, 2008The AIG bailout by the Federal Reserve involves the FED “loaning” AIG $85 billion in exchange for nearly 80% equity in the company. Now, it is within the Fed’s charter to loan money; however, the fact that the Government has now nationalized a major private insurance company (although the Fed denies that this is what was done) [...]
