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Piling bailouts upon bailouts.(Correction, Please!)

The New American

| December 08, 2008 | Hoar, William P. | COPYRIGHT 2008 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ITEM: The New York Times for October 31 reported: "As the Treasury Department prepares a $40 billion program to help delinquent homeowners avoid foreclosure, it confronts a difficult challenge: not making the plan too tempting."

ITEM: An editorial in the New York Times for November 1 advocated a federal bailout of" state government budgets. Noted the Times: "The National Conference of State Legislatures has begun appealing for Congressional help with the 'precarious 'financial status of many states.... If Congress and the White House can bail out bankers and insurance companies and possibly the auto industry, they should be able to help state and local ...

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Source: HighBeam Research, Piling bailouts upon bailouts.(Correction, Please!)

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