(2008-09-17) — Just hours after lending $85 billion to insurance giant AIG to protect financial markets from a cataclysmic bankruptcy, the Federal Reserve announced early today it would also bail out Howard Jameson, 52, of Beech Creek, Pa., because the local man is “simply too big to fail.”
Mr. Jameson, father of four, lost his job [...]

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(2008-07-14) — The Bush administration’s plan to use the Federal Reserve and the U.S. Treasury to save two mismanaged quasi-governmental mortgage companies has already revived confidence in the U.S. free enterprise system both at home and abroad.
“This just proves that American capitalism works,” said an unnamed analyst from Bear Stearns. “The self-correcting mechanism of free [...]

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