We are heading at a scary clip toward nationalization of banks in this country. And it won't end there. Here's Mr. Bandow's conclusion:
On the one hand, this is outrageous. On the other hand, if the taxpayers have to support the banks, why shouldn’t the banks support the taxpayers? The logic is obvious even if the consequences are potentially catastrophic.
It won’t be easy to roll back the federal government’s leap into socialism American-style. But if we don’t halt the federal subsidy express, there might not be much real “free enterprise” left in America when we finish.