I got off on that Henry Paulson and PNC conversation there and forgot the scarier part of the message.
Not only is our government picking and choosing which banks will succeed and which will crash n burn, but they have also begun saving other industries. They're starting with insurance. Specifically The Hartford, Prudential, and Met Life have their hands out.
Bailout Expands to Insurers
Treasury to Take Stakes in Firms as Distress Spreads Beyond Banks (WP)
Letting my government pick the industries to keep...
THIS is whyipaytaxes.
Saturday, October 25, 2008
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