Monday, September 29, 2008
What Now?
Barney Frank on the Republican leadership for blaming Nancy Pelosi for their own inability to muster GOP votes for the bailout
h/t Talking Points Memo who also is reporting that Senator Mc(rush to take credit)Same is claiming that he is responsible for the bailout success. Wonder if he is watching Faux News.
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2 comments:
Is Senator McSame now responsible for the 800 point drop - and the loss of my savings?
I think there is plenty of blame to go around. Of course, the bad guys are the lenders who wrote loans to folks with bad credit. But do we never blame the individuals who borrowed money that they couldn't pay back. Nobody held a gun to their head and said, "Take this money!" NO, they went to the bank and asked for it. Shame on the banks for giving it to them. But shame on them for not paying it back. It's OK to feel sorry for them, as long as we recognize they were taking an obligation to make their payments.
And of course, NOW is the time to get into the market. Every investment counselor will tell you, buy on bad news. Sell on good news.
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