28
Sep
2008
Funny Joel Stein Article on Bailout
Joel Stein is the kind of smarmy writer who is annoying when you happen to like whatever he’s mocking, but who is hilarious when you agree with him. On the bailout he and I are of one mind:
Even though I understand so little about economics that much of my long-term investments are tied up in Costco products, I feel pretty sure that letting Congress give Treasury Secretary Henry Paulson $700 billion to buy super-crappy mortgages is not the right call.
Sure, like any American, when I see a photo on the Internet of an adorable little investment bank and find out it’s at risk of being put to sleep, I want to throw in $2,000 to $3,000 of my own money to adopt it.
(HT2LRC.)
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