Sunday, September 7, 2008

Federal Government To Take Charge Of Fannie Mae/Freddie Mac

http://www.nytimes.com/2008/09/06/business/06fannie.html This planned action is charectoristic of Fascist style corporatism http://en.wikipedia.org/wiki/Corporatism. Under the Bush administration, America is fast becoming more and more Fascistic. Fortunately George W. Bush is a lame duck President. Here is what Democratic Nominee, Barack Obama has responded to the crisis. http://my.barackobama.com/page/community/post/stateupdates/gG5WRk I myself feel that banking/financing should be nationalised, within the public sector, just like energy, and healthcare.

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