Paulson Gets One Right
Paulson: No Shareholder Bailout
Secretary Paulson is insisting that any potential rescue plan for Fannie Mae and Freddie Mac not benefit the companies' shareholders.
I'm not sure it should bail out anyone else, either. If taxpayers need to guarantee those MBS, then taxpayers should get the payback. How hard is that? Why should folks who are only providing part of the capital get all of the payout?