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Totalitarianism, Stalinism, Facism...Take Your Pick
From the NY Times:
The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, then Treasury Secretary Henry M. Paulson Jr. said they must sign it before they left.
http://www.nytimes.com/2008/10/15/business/economy/15bailout.html
Acquiescence to government mandates at the proverbial barrel of a gun. Be afraid, my friends.
The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, then Treasury Secretary Henry M. Paulson Jr. said they must sign it before they left.
http://www.nytimes.com/2008/10/15/business/economy/15bailout.html
Acquiescence to government mandates at the proverbial barrel of a gun. Be afraid, my friends.
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I saw this on a Peak Oil doomer site. They've had a lot to play with these last few weeks.
October 16, 2008 8:05 PM | Reply | Permalink
Nothing to say about this, Josh and the rest at TPM? God knows we need to spend even more time on important things like Joe the Plumber.
October 17, 2008 12:56 AM | Reply | Permalink
There seems to be a line beyond which is relegated to doomers, conspiracy theorists, gold dealers and the like. For example, Matt Savinar, of Life After the Oil Crash, condenses his belief system thusly:
http://www.lifeaftertheoilcrash.net/BreakingNews.html
October 17, 2008 1:19 PM | Reply | Permalink