“During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front. Now, it seems, they will be asked to come to the aid of their banks — with the added inducement of possibly making some money for themselves. As part of its sweeping plan to purge banks of troublesome assets, the Obama administration is encouraging several large investment companies to create the financial-crisis equivalent of war bonds: bailout funds.” (New York Times, Thursday)
You couldn’t make this stuff up.
FEE Timely Classic
“The Return of Activist Government?” by Joseph Stromberg
