Read the whole thing here.
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.
Friday, September 26, 2008
The new masters of the universe
My Examiner column for September 26, looks at the Great Wall Street Bailout: