Now that the bailout is rocking right along Henry Paulson wants to continue the socialization of America by not just purchasing depressed assets, but actually buying into banks. This is a terrible idea. This is just another example of the lunacy that seems to have infected DC. If it doesn’t work the first time, do it again only harder. It has worked so well with gun control that we are now apparently going to let it be our guiding economic principle as well.
No find another way, or just leave well enough alone. Full story here.