Mises Wire
Author:
Karen De Coster, CPA
Online Publish Date:
The media is reporting that George Bush has ruled out a government bailout of mortgage lenders, but instead, the Bush package is sure to provide indirect bailouts for homeowners in debt up to their eyeballs. This is from the Financial Times : “A federal bail-out of lenders would only encourage a recurrence of the problem,” he said. “It’s not the