My latest over at BlownMortgage:
The Fed has announced it will now buy commercial paper from money market mutual funds and endorsed the idea of another economic stimulus package. Far be it from me to turn up my nose at free money. I could use a handout … I mean stimulus check as much if not more than most of Wall Street. But I am disturbed that these efforts continue are in keeping with previous Bush Administration policy to never have a clue how something – like a war or a however many bailouts there will be – will be paid for.
Click for more of this and my paen to William Proxmire.