Mortgage
Government Plans $85 bn Bailout of AIG
The U.S government moved toward an emergency rescue of American International Group Inc. -- one of the world's biggest insurers -- signaling the intensity of its concerns about the danger a collapse could pose to the financial system. Damn.
http://online.wsj.com/article/SB122156561931242905.html?mod=djemalert
Big Brother flexes muscles over Fannie Mae, Freddie Mac
Let the bail-out begin.
But is it really worth it in the long run for our Big Brother to step in and babysit the mortgage crisis, or are we going to get less than we are bargaining for? I’m somehow reminded of a quote I heard once:
“A babysitter is a teenager acting like an adult while the adults are out acting like teenagers.”
Could there BE a better analogy?


