Thursday, October 9, 2008

Treasury says it can buy bank shares

Welcome to France. The government will be able to buy interests in banks, essentially rigging who wins and who loses in the marketplace. Republicans are now proving themselves worse than Democrats when it comes to free enterprise. By Glenn Somerville WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Wednesday a recently approved financial bailout bill gives him wide authority to inject capital into the banking system and would not rule out having Treasury...

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