Monday, March 30, 2009

The Paradox

clipped from www.usnews.com

But I have noticed what I think is a paradox in the Geithner plan. He is asking the most unregulated parts of the financial system—, private equity firms—to bail out the most regulated part of the financial system—the banks. With government help, or subsidy, of course. But of course the government isn't really regulated either, is it? Except, I suppose, through the political process.