The incredibly historic events that are taking place right now force me to write. We are building our future... and it is not very pretty. We have seen our government move more over the last few weeks toward socialism than ever before in our country's history. Our government just decided now that it is going to nationalize many of the country's largest banks. So that basically means they are going to buy into the companies and then put a government representative on their boards. On top of socializing our banking system, they are now vowing to guarantee all loans made by banks! Do you remember what brought Fannie and Freddie down? The government guaranteed their money and as result they took unreasonable risks and made bad decisions and crumbled as a result! Of course leaving our government with the bill. Government guarantees cause people to make bad decisions because they know that the government will bail them out.
What is going on here?
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