Frank should be in the Boston town square in stocks....if not worse....
This is EXACTLY what we can expect from the Obama administration. The gov’t will be picking winners and losers in the corporate world. This example of ‘politically correct’ racial politics will be played over and over again with the stimulus money and the remaining TARP money. Those who are politically connected will get cash to bail out their business, those who aren’t, won’t.
FDR did exactly the same thing during the new Deal. He picked winners and losers, and sent the IRS after those he didn’t like. His chief pollster would decide where to send federal gov’t money on the basis of where the money could best be used to unseat Republican members of Congress and replace them with loyal Democrats. Obama is no dummy, he will use the FDR playbook and do the same thing.