Monday, April 27, 2009

Obama's Teapot Dome

A few important links.  WSJ:
The cavalier use of brute government force has become routine, but the emerging story of how Hank Paulson and Ben Bernanke forced CEO Ken Lewis to blow up Bank of America is still shocking. It's a case study in the ways that panicky regulators have so often botched the bailout and made the financial crisis worse.
It started under the Bush administration, but the Obama expansion is mind-boggling. NY Times on Geithner's power grabPowerline on the TARP that swallows America. President Teapot Dome Obama. (Harding, not Silent Cal.)

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