Wednesday, 29 October 2008

The Government's Actions Are Making the Financial Crisis Worse

The government's previous actions lead to the current financial crisis. See this.

Moreover, the government's current actions are actually making things worse:

*The bailouts are causing HIGHER mortgage rates for consumers

*The government's commercial paper buying spree is INCREASING the cost of borrowing ...

[Posted at the SpookyWeather blog, October 29th, 2008.]

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