22 October 2008

Making a Bad Situation Even Worse

It looks like Hank Paulson and his bully boys at the US Treasury will be actively encouraging banks to merge with government money.

So, because some banks have to be bailed out, at taxpayer expense, because they are too big to fail, we should have even more really big banks, because it benefits the guys that Secretary Paulson plays golf with.

Well, it appears that some Senators have not viewed this development positively, and they just sent Paulson a "Whiskey Tango Foxtrot" letter regarding this.

0 comments :

Post a Comment