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Unprecedented Measures Taken by US Government in Financial Crisis

Posted by billspaced | 3:17 AM | 0 comments »

U.S. to pump $250 billion into banks | U.S. | Reuters
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.

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