Unprecedented Measures Taken by US Government in Financial Crisis
The Treasury will buy stakes in Bank of America Corp, Wells Fargo, Citigroup, JPMorgan Chase & Co, Goldman Sachs, Morgan Stanley and Bank of New York Mellon Corp, said two sources speaking on condition of anonymity.
One more example of the US overstepping its bounds. While I believe the bailout plan is necessary, I don’t think the government ought to be in the business of equity investments in private enterprise.
Seems like fascism to me.