Quote:
Originally Posted by HotHotHeat
|
Quote:
The bailout has more problems. The final legislation will probably include numerous side conditions and special dealings that reward Washington lobbyists and their clients.
Anticipation of the bailout will engender strategic behavior by Wall Street institutions as they shuffle their assets and position their balance sheets to maximize their take. The bailout will open the door to further federal meddling in financial markets.
|
This is kind of sickening.
That column is the best bit of information I've read about this whole mess.