FHA Might Need Bailout
November 11, 2009 by admin
The bailouts of various big entities continue. The Washington Post says that the Federal Housing Administration (FHA) may soon need a taxpayer bailout. But, according to the Post, the FHA can bypass Congress and get money directly from the U.S. Treasury. Where will the Treasury get the money if the government is running deficits as far as the eye can see? Geithner will print it.
Is printing money to finance government operations a solution? Not a chance. Our creditors — foreign countries — are already skittish about the U.S. Dollar. And the dollar is already a train wreck. So what’s the solution? Take back the bailout money from the big banks and end the wars in Iraq and Afghanistan. Problem solved. That wasn’t so hard, was it?
Read The Washington Post’s article about the FHA…
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