Wednesday, September 17, 2008

Group Decision

Yes, this seems like something we maybe shoulda talked about:
This may be an extremely naive question -- I'm sure it is -- but how is it exactly that the U.S. government can essentially nationalize a firm with $100 billion in sales and one trillion dollars in assets in a matter of hours, with no legislative action of any kind other than a phone call to Harry Reid?

I mean do they just go to a big ATM or something?

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