Well, if not, we have it all over again and it's called: The Bailout of Fannie Mae and Freddie Mac!
I know that you will be pleased to know that the collapse of these two critical financial mortgage machines was because they simply " overstated their cash reserves and understated their losses."
And this is brought to you by the same folks who brought us Enron, Worldcom, etc. And the best news is that it's only going to costs US taxpayers BILLIONS.
The biggest "bailout" in the history of the US! We live in exciting times.
They overstated?? Is this the same as telling a "fib?" Isn't this the same as a "lie?"
Now my question is this" Just who is now going to bail out the US taxpayers?
Have no worry we'll be getting an extra dose of "spin" from every side. Celebrate this historic occasion by going shopping. The great American cure.
Bill McInerney
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