- Cafe Hayek - https://cafehayek.com -

The line forms

Tweet [1]

I fear it is just the beginning. The AP reports [2]:

The bailout is now the hottest lobbying game in town.

Insurers, automakers and American subsidiaries of foreign banks all
want the Treasury Department to cut them a piece of the largest
government rescue in U.S. history.

The betting is that many with their hands out will be successful,
especially with financial markets in a stomach-churning dive and
predictions the economy is about to tumble into a deep recession.

These groups argue that the credit squeeze is so severe and the risks
to the economy so dire that their industries need financial support as
well.

The Treasury is considering requests from a variety of industries, but
has not decided whether to expand the program, officials said Saturday.

Want to bet on what they finally decide?

Comments