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21 Sep 2008 07:26 pm
"The Most Momentous Events Of The Bush Era"
Glenn Greenwald isn't happy:
Can anyone point to any discussion of what the implications are for having the Federal Government seize control of the largest and most powerful insurance company in the country, as well as virtually the entire mortgage industry and other key swaths of financial services? Haven't we heard all these years that national health care was an extremely risky and dangerous undertaking because of what happens when the Federal Government gets too involved in an industry? What happened in the last month dwarfs all of that by many magnitudes.
The Treasury Secretary is dictating to these companies how they
should be run and who should run them. The Federal Government now
controls what were -- up until last month -- vast private assets. These
are extreme -- truly radical -- changes to how our society functions.
Does anyone have any disagreement with any of it or is anyone alarmed
by what the consequences are -- not the economic consequences but the
consequences of so radically changing how things function so
fundamentally and so quickly?
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