Well I'm sure that everyone is aware of the recent failure of Bear Stearns Bank. I have been struck lately by the obvious concern on the faces of the various government officials (e.g. Sect. of Commerce, Fed Chairman, etc.) as they try to reassure the country and the world that all is well. But as to this latest issue with a major bank failure, well I'm wondering if that takes it to the next level.
Also, I would like to hear everyones opinion on the "bailout". I will quote a line I heard on ABC News tonight; "...the free market did not work today, the government did...". The story went on to ask the obvious question; why has the Republican Administration been so reluctant to "interfere with the free market" when it comes to homeowner "bailouts", but are willing to circumvent that sacred principle in order to "bailout" Wall Street investors?