Even Michelle Maglalang is disgusted by this bailout!

[Bluebear]

...Yes, yes, crony Democrats are to blame for much of how we got here. You don’t need to recite all the talking points back to me. I’ve been writing about the Fannie/Freddie debacle for years.

But it is September 19, 2008. And this is a Republican White House presiding over the Mother of All Bailouts. Every step along the way since stimuluspalooza began last summer, we’ve heard that every bailout step was just a one-off. Each step was supposed to calm the markets. Each new government intervention and allocation of taxpayer dollars was supposed to achieve “stability.” Each new package of goodies rewarding irresponsible behavior and bad financial decisions was supposed to prevent new ones.

None did. And now, here we are.

This is your Bush legacy — not Pelosi’s, not Reid’s, not Obama’s: A ginormous bailout of every last, failing, panicked financial institution’s illiquid assets that may reach into the trillions — TRILLIONS – when all is said and done.

http://michellemalkin.com/

[nadinbrzezinski]

1. Michelle's world is in tatters

[ingac70]

2. She just now realizes she been supporting...

a fascist agenda?

[Vogon_Glory]

3. Maglalang Hated Fannie and Freddie LONG, LONG Before This

Wanna-be privateer Maglalang hated both Fannie Mae and Freddie Mac long, long before this. I remember seeing one of her columns advocating that both corporations be liquidated because she felt they impinged on the (so-called) free market.

:nopity: