The House Republicans are using Paulian rhetoric but their actual plan is to have “the government insure mortgage-backed securities to be sold in the private sector, rather than be bought outright by the government.”
For the higher-risk securities, the government bailout will still be necessary.
They are going to sell this massive new government program as good for the taxpayer and based on principle. The principle is me too-ism.
2:11 pm on September 27, 2008
