I’m not an expert, but these recent buyouts are scary. I think it might be a little worse than the US becoming socialist. We are headed towards financial disaster. I hate to be doom-and-gloom, but this weekend our economic future has never looked darker. And the more government owns and controls, the less power we have to allow capitalism and the free market to correct itself. We are left with the government running the show.
“We are left with the government running the show.”
And we know how that usually works out..
government running the show - exactly the way the Democrats and RINO’s want it - with THEM at the head of it siphoning off big chunks of it for their own personal enrichment for “walking around money”. The Democrats had Fannie & Freddie for their little playgound for a long time; any attempt to get in to look at the books by someone unbiased was blocked by Dems. If that hadn’t been bypassed of late, the little corrupt F&F setup would have continued unabated and no one the wiser even now. McCain predicted it in 2005 and tried to pass a bill dealing with it and heading it off, but as usual, the Dems blocked it, I suppose with RINO help.