A (Henry) Georgist Perspective on the Crisis and Bailout

Well worth reading. Michael Hudson explains how the bailout of Fannie Mae and Freddie Mac will reward the bubble's enablers. It's too bad commentators like Gerald O'Driscoll, Tyler Cowen and Alex Tabarrok see fit to accept (albeit reluctantly) the bailout and leave sound class analysis (predators versus producers) to Professor Hudson, who was Dennis Kucinich's economic guru.