Bank of America buys up Merrill, AIG’s looking for cash to stay afloat, and Lehman is basically dead on it’s feet. I’m no more worried now than I was a few months ago about our financial sector.
Why? Look, people, this is nothing new. What we’re dealing with now is consequences set into motion literally years ago. These failures are the direct result of the government ‘encouraging’ lenders to lend to underqualified applicants in the name of ‘racial fairness’.
Next time, what say we keep the government out of the home-loan industry, huh?
Tags: Bank of America, financial sector, lehman, loan industry, merrill, racial fairness
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