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Friday, September 26, 2008

The new masters of the universe

My Examiner column for September 26, looks at the Great Wall Street Bailout:

Wall Street, always dependent on Washington for protective regulation and “pro-market” policies that drive capital towards housing and securities, has prostrated itself before the Federal Reserve and the U.S. Treasury in recent days, ushering in a brave new era of a nationalized economy.

Who wins? Who always wins? The politicians, the bureaucrats, and the businesses with the best lobbyists.

Read the whole thing here.

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