[OPE] More Bailout Obscenity

As if the bailout were not were not bad enough, the Wall Street Journal
reports that the Treasury Department is, in effect, rewriting the tax
code to give away what will easily be tens of billions of dollars. On
the opposite page, the paper reports that the Fannie and Freddie bailout
is likely to cost the government considerably more than expected because
of court suits charging, probably correctly, that management misled
investors.

One can safely as that more will be discovered later.

more at:

http://michaelperelman.wordpress.com/2008/10/19/more-bailout-obscenity/

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929
530 898 5321
fax 530 898 5901
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