Mike Flynn on CNBC Mortgage Bailouts
Reason Foundation Director of Government Affairs Mike Flynn discusses mortgage bailouts on CNBC.
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John C. Randolph | April 9, 2008, 8:41pm | #
Who is that lying cow? Some kind of lobbyist for the banking industry?
-jcr
SIV | April 9, 2008, 9:14pm | #
Mooooooo!rgage bailout.
Hell even Kudlow and Luskin praise the Fed intervention in capital markets at the expense of savers and responsible borrowers. Too bad we don't have a free market economy.
Pinette | April 10, 2008, 1:44pm | #
She sits there and proclaims that 'the market didn't work' as if that settles it at all or explains a goddamn thing. Their mentality is that when someone makes a bad decision and faces consequences it is a sign that the market is not working, as if the market should protect everyone from harm. This is just ignorant bullshit.
Windtell | April 11, 2008, 7:29am | #
I know I'm preaching to the choir but Pinette is right.
People made foolish investments and chased a bubble, now they're getting burned for bad decisions; it seems like the market is working fine for me.
Who's standing up for the potential homebuyers that'll finally be able to buy a house after this correction is over ?