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Goverment Bailouts & Interventions | ![]() |
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Regarding the BailoutJust wanted you to hear Oklahoma Senator Tom Coburn's thoughts on the bailout... COBURN: We have a patient with cancer, and they have secondary pneumonia because of the cancer and we're going to treat the pneumonia. But we're not going to fix the cancer. We're going to ignore the cancer. Let me tell you what the cancer is. The cancer is Congresses for years upon years have totally ignored the Constitution of the United States and taken to us areas where we have no business being. There is no way you can justify in the US Constitution that the country ought to be the source of mortgages for homeowners in this country, and yet Fannie Mae and Freddie Mac control 70% of the mortgages in this country. However, as a matter of full disclosure so you know, "with great reluctance" he did vote for the bill. The doctor apparently still has to treat the patient for pneumonia, but should also treat the underlying cause which is not being done in this case. Scott
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