Monday, April 7, 2008
LAT pushes sub-prime bailout
On the front page today, the LAT, in a piece by Peter Gosselin, promotes a sub-prime bailout. Gosselin recites all the previous bailouts as far back as the 1790s to prove that bailouts aren't unusual and sometimes can produce a small profit for the government. Fair enough except that a newspaper is supposed to report the news, not promote federal bailouts.
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