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opinion
Populist Party Blog - Have you all seen the latest boondoggle? I noticed a pretty young thing on CNN gushing about the bailout for Fannie Mae and Freddie Mac. She pleasingly says the House passed a bill now going to the Senate to spend $300 Billion to rescue 400,000 homeowners. Lets see ... $300 Billion divided by 400,000 Homeowners = $750,000 per homeowner. Yeah, I could stand a little saving at that rate. The $300 Billion will make 300,000 new Millionaires from the 400,000, many of whom got into a financial crunch by being stupid. Now its me being stupid.
From cw

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Olga Wrote the following on 07/26/2008 07:37 AM :
Of those 300 billion about 250 billion will disappear with some creative bookkeeping.


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