Subtle Rantings

Another reason why the Federal Government is screwed up: Gov’t Bails Out Bear Stearns

Meanwhile, who will pay for this bailout? Do you really have to ask?

You.

The Fed has promised Bear Stearns savior JP Morgan (JPM) that it will guarantee the value of whatever crap Bear has piled onto its balance sheet. In other words, the Fed is effectively assuming the liabilities of Bear Stearns. And the Fed’s source of capital, ultimately, is you.

Lovely. When are people going to wake up and realize Ron Paul WAS the best candidate and now we only have three pro large-government candidates. Thanks sheeple of America.

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