It is so much fun to bash Congress that it almost seems wrong to say something nice about them. Yesterday in between work and showing homes I had the bail out hearing on in the back ground. I am so happy that Congress is not going to be stampeded into this program which looks worse and worse upon examination. I learned there were 3 buyers for AIG but they held out for Uncle Sam figuring they would get a better deal. They were wrong. I learned that these guys want to sell toxic paper at a high price. I also learned that the FBI is investigating Exec's at Fannie and Freddie for fraud. The more I learn the more I am in favor of a full vetting of this issue before we go on the hook.
So Horray for you folks in Congress. We do indeed live in strange times.
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