The Most Redeeming Feature of Capitalism is Failure

Mish's Global Economic Trend Analysis | by Michael Shedlock(noreply@blogger.com) | Sun, Dec 27

Mish's Global Economic Trend Analysis is the #1 Blogger for US Economic Bailout of 2008

Intervention created Fannie Mae, Freddie Mac, and the "AAA" rating of pure junk via government sponsorship of Moody's Fitch, and the S&P.

Of course government could have decided to bankroll capital losses at those new banks, just as it now does with Fannie Mae and Freddie Mac.

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