I have to admit I didn't read a newspaper today. I'm in Tampa for the weekend to attend a Dave Ramsey live event, so I spent a lot of time last night getting things done with email, etc. to clear my day. This morning when I got up, I definitely didn't want to do anything that felt like work. My wife and I had a nice morning then headed over to the arena for the event. We had treated ourselves by purchasing platinum vip passes which included lunch with Dave before the event. Lunch was good and we were treated well, but Dave started us off with a disheartening assessment of the days top financial news.
Here's the story in a nutshell: the government is taking over Fannie Mae and Freddie Mac. Why is that bad? Well, when can you recall the government ever giving something back to the private sector after taking control of it? In the short run, this will be a good thing for the economy. In the long run, well, we'll have to see, but it smells bad from here.
Check out the story below from today's Wall Street Journal.
Comments (1)
Excellent points. I agee wholeheartedly and wish that you would keep up your good work with this topic. More people need to understand what you are saying here :)
Posted by Dave R | September 20, 2008 2:35 PM
Posted on September 20, 2008 14:35