The WALTHER REPORT
By Tony Walther
Do you know where your money is? Under your mattress might be as good a place as any.
I didn’t make this line up, but I guess what we have nowadays in the financial markets is “private profits and socialized losses” ( I have used that quotation before, but how true with all of these bailouts). But, actually we now are going into the socialist, communist, or third world model of nationalizing companies (Fannie Mae, Freddie Mac, AIG). And this on the Republican watch – strange indeed.
So has the Republican Bush administration turned socialist? Are the so-called conservatives who shun government control and intrusion now running to the head of the welfare line? Yes, to a degree, and yes.