Tag: socialism

The feds went in and seized WaMu tonight. Another financial giant enters socialism. UPDATE: From the WSJ: In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc. and struck a deal to sell the bulk of its operations to J.P. Morgan Chase & Co. The closing represents […]

The Bush administration is taking control of Freddie and Fannie. Funny – I always thought the government controlling private industry was considered socialism?