“Some bank executives warned yesterday that the government is forcing them toward a disastrous choice between accepting restrictions on compensation that could cripple their ability to compete with rivals, or returning billions in federal aid, which could retard lending and damage the economy.” (Washington Post, Friday)
Was anyone really so naive as to expect something good would come of this?
FEE Timely Classic
“Intervention Leads to Total Control” by Gustavo R. Velasco