Bizblogger

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Monday, September 22, 2008

Bailout Bill Quickly Becoming a Disaster

It seems that the plan to buy up distressed assets is turning into a proposed bill that 1) significantly increases government regulations and oversight, 2) limits executive pay, 3) gives the government an equity stake in dozens (or more) of financial services companies, 4) allows low-income consumers who couldn't afford to continue to pay off their mortgage to continue to live there and 5) many other pork-barrel items.

If you are thinking of buying a multi-million dollar home you can't afford, now is the time to do it. Path to socialism, this way...