America is nationalizing its banking industry, one bank at a time. ⇒
17 September 2008, early morning
I think the phrase people like to use when this sort of thing happens is: privatize the profit, socialize the loss. Apparently the Republicans suck at Capitalism and Communism. Clinton took office in a recession, and left with a crazy-ass surplus, which Bush managed to turn into this.
This is a post from my link log: If you click the title of this post you will be taken the web page I am discussing.