<< Read Full Article

Bailout Plans Pit Americans vs. Congress

 

President Barack Obama's foreclosure plan carries many of the same drawbacks as the stimulus bill. Both are full of good intentions and comforting provisions for those who find themselves in financial trouble. Both pay lip service to words like "stimulus" and "incentives."

But, in the end, both of these headline programs rely on government to make the decisions, pick the winners and losers, and subsidize those solutions with money taken from people who aren't in financial trouble -- yet!

It's easy to blame the markets, and the overwhelming greed of those who profited at others' expense. There is simply no way to defend that kind of behavior. It is an example of human nature at its very worst. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,497.50 1,113.71 2,211.14 35.46
Oil *
72.00
UP
26.00
UP
7.30
UP
20.83
UP
0.06
10 Yr
3.55%
SPDR Gold
110.40
+0.25%
+0.66%
+0.95%
+0.17%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services