USG didn't take over the banks after all
Sunday, December 20, 2009 at 11:20PM
Thomas P.M. Barnett

ARTICLE: Wells Fargo to Repay U.S., a Coda to the Bailout Era, By ERIC DASH and ANDREW MARTIN, New York Times, December 14, 2009

Remember the good old days when the government was slated to take over the entirety of the banking sector and Wall Street? It seems like so many . . . months ago.

When Washington pressed the nation's largest banks to take billions in federal support last autumn, few protested more loudly than Wells Fargo. On Monday, Wells became the last of the big lenders to rush through a repayment before the end of the year, signifying a fitting bookend to the bailout era.

Geez! Just when we had socialism finally within our grasp!

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