“Privatizing Gains, Socializing Losses…” Describing the US Financial Mess in Four Words

New York Times columnist Gretchen Morgenson was on NPR’s “Fresh Air” today, and she succinctly summed up the problem with the bail-out Bush and buddies are pushing.

It’s critical that the US not rush into fixing this problem. Our government needs to take a deep breath and ensure that as little federal money goes into this as possible and that safeguards are implemented rather than ignored.

No Longer the World’s Slowest Blog is a periodic blog with comments on a variety of topics. http://www.dpsinfo.com/blog