Llove Letters

Over the years I have spent some time in boats that leaked a little around the edges. If you stay in the water more than a few minutes, someone has to bail the water that leaks in, or you’ll go under. Isn’t it amazing how a picture of that in your mind resembles the current credit crisis in this country. What amazes me is that “people” believe the Government will solve the problem by making some loans. Consider this paragraph from an Associated Press story: The short-term uncertainty about Freddie Mac and Fannie Mae — which together hold or guarantee half the nation’s mortgage debt — was to an extent…