Excerpt from this article found on Mish’s blog:
The policy of the Fed and Treasury amounts to little more than obligating the public to defend the bondholders of mismanaged financial companies, and to absorb losses that should have been borne by irresponsible lenders. From my perspective, this is nothing short of an unconstitutional abuse of power, [...]
Theology, Culture, Politics, Technology, Reviews, and Other Commentary From a Reformed Evangelical Conservative
