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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (152866)	10/1/2008 1:10:41 AM
From: James Hutton	Read Replies (2) \| Respond to of 306849

Wait, this guy is ticked that Paulson is proposing to bail out foreign investors. Uh, maybe he didn't get the memo about who the big holders of FNM/FRE debt are and who wasn't wiped out. I keep hearing now that Sheila Bair and the FDIC are the latest free market heroes. How is picking and choosing which banks get to take the scraps of the failed banks a free market? How is it different than Yeltsin giving Norilsk, etc. to buddies, or Putin appropriating companies he wants and giving them to his buddies? Other than the fact that she's a high-ranking bureaucrat and not a head of state?