September 24, 2008
To the Editor:
“Big Brother” is alive and well. He’s not only in the building, he owns it! Uncle Sam, under a Republican administration, has bailed out the nation’s largest insurance company (AIG), the largest mortgage holder (Fannie Mae), and two of the largest banking firms (Sterns and IndyMac).
Now (drumbeat please), Uncle Sam plans to buy $700,000,000,000 or more of shaky debts held by the nation’s lenders. . . What happened to the market on the way to the future?
Does capitalism only work during good times? Obviously, Big Brother looks out for Big corporations. And then to hear others say that providing universal health care is too much socialism. Give me a break!
Sincerely,
Mark Blankenship
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