And through an intricate web of mortgage backed securities and credit default swaps, we saw the demise of Freddie Mac, Fannie Mae, Merill Lynch, AIG, Lehman Brothers, Bear Sterns, Countrywide, and countless other financial firms.
The free world also won, with Barack Obama defeating John McCain.
The year, however, ended with the Israeli military state flexing its muscle in ways that would make Putin envious, and this is one more lose end for Obama to tie up once he claims the office on January 20, 2009.
1 comment:
Israel has to defend itself against terrorists. If the US gets attacked, how would you like it if the UN not allowed them to fight back? Same thing. By the way, Hamas hates the US and will attack the US if given the chance.
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