On Nov 12, 2008, at 7:24 PM, Jeffrey Fisher wrote:
> also, isn't buying stakes in the banks much more "socialist" than the
> bailout plan? or did i miss something?
Could be, though Paulson did it in a very hands-off way, explicitly opting for nonvoting stock. That may change with a new admin. I see they've been talking about some sort of czar to oversee the remaking of the U.S. car industry, which is a lot more activist. Circs may force these guys to be a lot more interventionist than Goolsbee would like.