Date: October 9th, 2009

The wrong move for all the wrong reasons

9 October, 2009 (11:36) | Banking, Capital markets, Finance, Regulation, Subprime, TARP, US News | No comments

From the so-dumb-only-a-genius-would-propose-it department comes the following tale of Washington’s incestuous and recursive path to policy change, as uncritically reported in the New York Times:
 
WASHINGTON — Tired of the government bailing out banks? Get ready for this: officials may soon ask banks to bail out the government.
 
Is this a real plan?  Or just the dog [...]