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 30, 2008Former House Speaker Newt Gingrich has articulated a very simple immediate solution to the Wall Street crisis: end “mark-to-market” (or fair value) accounting practices which undervalues assets and solve 70% of the crisis today. That’s why Paulson thinks he can use the $700 billion to buy these assets at 10 cents on the dollar and sell them [...]
