While Rome Burns…

Cartoon by Mike Keefe from the Denver Post appeared 10/1/08, almost a month after the announcement of yet another takeover…

Happy birthday to me. After guaranteeing the takeover of Bear Stearns for J.P. Morgan, we taxpayers are going to pay for a direct underwriting of mortgage backers Fannie Mae and Freddie Mac. See today’s NYT for an analysis.

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