Peter Wallison, the Securities and Exchange Commission’s chief accountant ................”It is a classic case of socializing the risk while privatizing the profit”......That is the clearest, most understandable explanation I have heard yet. McCain and Palin should continuously beat the Democrats over the head with that phrase. It is easy for every voter to understand how the few got the profit, while the masses got the risk and are now left to pay the bills.
Exactly.
McCain and Palin need to keep repeating:
The Democrats “socialized the risk and privatized the profit.”