Mid-Week Reality Check: The Abrogation of Free Markets
Published: October 01, 2008 | 12:00 PM
Listen to another hard-hitting segment of the Mid-Week Reality Check. This week Michael elaborates on why the government bailout will fail and draws an interesting comparison to the Nasdaq crash of 2000. Why didn't the government bail these firms out? They owned real estate and actually generated cash flow, unlike mortgage backed securities. Are we on the path to socialism? Find out here in this awesome clip.
