I am not an economist but in the back of my mind what appears to be happening here is that President Bush appears to be helping his friends loot the treasury a lot before he leaves office. Somtimes things may need to crash so that they can become better. The United States allows individausl to crash everyday. They even amended the bankruptcy laws so that the crash and burn for individuals could be even more severe. However big companies have a huge and very big safety net that seems to be the federal government. At this point I am not convinved that the huge companies deserve the huge breaks sometimes they need to be treated just liek the little guy.
Fed likely to stay on offensive — chicagotribune.comIn Uncategorized on March 18, 2008 at 8:34 am