According to Financial Times report the politicians in Paris and Berlin want to set up some sort of European Monetary Fund to help bail out Greece and other profligate European nations. This is good news in the short run for American taxpayers since it is less likely that American taxpayers will be financing bailouts through […]

The Wall Street Journal has more details about the sordid redistribution of our money to the insiders at Fannie Mae and Freddie mac: …there’s still some ugly 2009 business to report: To wit, the Treasury’s Christmas Eve taxpayer massacre lifting the $400 billion cap on potential losses for Fannie Mae and Freddie Mac as well as the […]