Part of me understand the reasons for it - they need to keep the banks as going concerns so we can sell them off again. But I fear that may be establishing a precedent for bailing out the "too big to fail" banks periodically.

Re: How Obama Got Rolled by Wall Street

Post by Estragon » Mon, Aug 30, 2010, 11:56 AM UTC

Of course, this was all obvious at the time (check the comments at Calculated Risk at those times), but a major outlet like Newsweek can only report on it now, when all the loot's already walked.

Post reply on HN