Rep. Barney Frank wants the government to loan $5 billion to a municipal bond insurance business. They have done so well with their partnership with Fannie Mae and Freddie Mac, it just makes perfect sense! Did I mention the interest rate? The US Treasury would receive a 0% return!
I can't even begin to share my thoughts and feelings on this proposal right now. I just hope it doesn't happen!
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I've linked to this post and added some appropriate graphics and even some perfectly appropriate music (via a link)...
http://thecanadiansentinel.blogspot.com/2009/05/will-even-recent-scandal-not-stop-fast.html
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