Published Apr 21, 2009
It's amazing how history repeats itself, even when the history only happened last year.
President Barack Obama, in his infinite wisdom, made a budget in which we would no longer have subsidized loans made by private banks but by direct government lending instead.
The most infuriating thing is that we already tried this.
People complain about how banks gave loans to people that didn't need them and blame the banks for the economic mess. How is the government doing the same thing any different?