tragicomix

Look What We've Had All Along: The Paulson Plan to Purchase Bank Equities

Pauslon and Bernanke take equity stakes in banks and insurance and make them potentially arms of the government. Under the new Obama administration, political groups then find it easier to require that mandates are passed to extend x% of loans to formerly excluded sections. Insurance rates re-engineered to cross-subsidise weaker sections and charge higher rates from those who can afford it.

What chance this happens? If it does, what will the economy look like?