[Mr. Jeeves]

This is not going anywhere good. The government is now in a position to force banks to lend taxpayer money to insolvent companies, and to force said insolvent companies to remain open solely to keep people employed, gainfully or not.

Large industry is now clearly seen as an arm of government, handing out checks and benefits to loyal voters and implementing Federal regulations in return for political protection against competition. How dare some arrogant bank refuse to lend to one of these quasi-governmental entities? ;)

[thecabal]

Large industry is now clearly seen as an arm of government, handing out checks and benefits to loyal voters and implementing Federal regulations in return for political protection against competition.

Ding ding ding, we have a winner! The old progressive socialist idea of "state capitalism" is being reborn right before your eyes. Certain mid-20th century European dictators would be jealous of us.