09 October 2008

Tough Times for Fiscal Conservatives


News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financial markets Thursday.

The aim of such a move would be to thaw the lending freeze that threatens to push the world's economy into recession.

All I can say is, they better have a really aggressive sellback plan in mind for when things do start moving again.

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