How Do You Define Bailout?
Bush in a short clip was defending putting federal money into and behind Freddie Mac and Fannie Mae:
“People are calling this a bailout. It’s not a bailout (hyperventilate laugh). The shareholders still own the company”
Well isn’t that the definition of a bailout? Maybe he was confused with a buyout where the government would directly own Freddie and Fannie and the shareholders would have cash
