More Paulson Details - The American Spectator | USA News and Politics
More Paulson Details
by

Hank Paulson just announced the outlines of his rescue plan aimed at purchasing the bad mortgage assets that he said were “clogging up our financial system” so that capital can begin to freely flow.

He said this would require a “significant investment of taxpayer dollars,” in the hundreds of billions of dollars.

In addition, he said that Fannie Mae and Freddie Mac, as well as the U.S. Treasury Department, would increase purchases of mortgage backed securities.

So the bottom line is that there are these really crappy investments out there in the market that no private business would touch with a ten foot pole, so now the federal government will use taxpayer dollars to purchase them. Splendid.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://spectatorworld.com/.

Be a Free Market Loving Patriot. Subscribe Today!

Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation