9/6/08

While Rome Burns...




Cartoon by Mike Keefe from the Denver Post appeared 10/1/08, almost a month after the announcement of yet another takeover...

Happy birthday to me. After guaranteeing the takeover of Bear Stearns for J.P. Morgan, we taxpayers are going to pay for a direct underwriting of mortgage backers Fannie Mae and Freddie Mac. See today's NYT for an analysis.