Obama considering government-run 'bad bank' for decaying assets

[danarhea]

What Bush hath giveth...........

Obama giveth too.

While Bush was in office, I called his administration the Bushneviks, and for very good reason. It is now only fitting that I give Obama his due, in continuing the trend of appropriate names for presidential administrations. Tuesday, the Obamunists take over.

Article is here.

 

[Cold Highway]

Great another wasteful government program which will do nothing.

This though:

One of the sources said options being considered by Obama's team included the creation of a single national "bad bank," individual institutions to specialize in different asset classes, "bad banks" within existing large private banks, or some combination of the three.

Reeks of fascism.