Monday, September 8, 2008

Ranting yet again

I read this morning that the government is taking over the two big housing mortage companies, Fannie Mae and Freddie Mac. Just because they were worried about them. First Behr Stearns, then several banks, the car companies want money and now this. On top of the war in Iraq, I wonder who's paying for all this? What happened to risk versus reward? What happened to capitalism?

All these companies made a lot of money when times were good and also a lot of poor decisions. I know it would be painful, but maybe some of these just need to go bankrupt and out of business.

And the presidential candidates are still talking tax cuts.

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