Saturday, January 23, 2010

Obama: Bank Regulators May Have Gotten Too Tough

I thought this articles was interesting as it reflected what we went through in class about how a change in policies does not mean a fundamental change in the economic system. Although policy such as the government bailout can become politicized, it is clear that the banking and financial markets as well as the automobile industry still retain control over its business decisions and thus talk about america going 'socialist' is clearly an absurd assertion.

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