“President-elect Barack Obama’s economic agenda advanced rapidly in Congress on Thursday as the Senate voted to release the second half of the financial industry bailout fund and House Democrats unveiled an $825 billion fiscal recovery plan aimed at putting millions of unemployed Americans back to work.” (New York Times, Friday)
Throwing bad money after bad.
FEE Timely Classic
“Banking Without the Too-Big-to-Fail Doctrine” by Richard M. Salsman
