>> Monday, December 22, 2008
Banks are refusing to disclose how they are using the bailout money. And, in fact, are refusing to provide basic accounting for it - the same procedures that the banks would require of any potential loan recipient.
President Bush should have let companies fail that needed to fail and let others pick up the pieces and make something useful out of it. The pain would be sharp, just like it is now. But, then it would be over and the US wouldn't be doubling or tripling the national debt in a single quarter.