I was checking out the videos on Fox News and found a preview of Brett Baer’s special on the economic crisis. I couldn’t help but think when looking at President Bush’s face during Part 3 when he spoke of Fannie and Freddie that if he were a smaller man he would have said “I told you so!”
Parts 2 and 3 embedded below.
I haven’t been a big cheerleader for Hank Paulson, but, I have to say he was right when he said a real estate correction was necessary. We have to stop bailing people out. Let the market correct itself. We’ll have a bit of pain, but in the long run things will work out.
