Yesterday Henry Paulson, United States Treasury Secretary, held a press conference at 11:00am EDT on a Sunday morning to tell us, the tax payers, we're going to take over Freddie Mac and Fannie Mae and their $5.4 trillion worth of home debt - half the mortgage debt in the country. This was a well choreographed press conference, at 11:00am EDT Sunday morning when a large portion of the Eastern and Central U.S. were either in church or on their way to church and the folks out on the west Coast were still in bed or just getting up. In the meanwhile Republican Gov. Charlie Crist was holding a press conference at the very same time about hurricane Ike, what a coincidence.
Our government is potentially putting us $5.4 trillion in debt and they hold a press conference at 11:00 am EDT on a Sunday?
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