Extend and pretend… That’s the government’s way of handling the crisis. Extend credit and cash to those who don’t deserve it. Then, pretend that everything is okay… But the problems don’t go away. They just get stretched into the future… What did the feds do for GM? They took over the company. They extended cash [...]

Fed Vows to Maintain Public Financial Health originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."

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