Supported TARP. says it was great for taxpayers to "own" part of the banks and for us "free market purists" to shut up.... http://004eeb5.netsolhost.com/hc133.htm
But the mainstream media and the free market purists want you to believe that this is the end of capitalism as we know it. It is not for several reasons that they have conveniently not explained.
First, instead of buying toxic mortgage-related assets of banks as originally proposed, the Treasury has changed tactics and will buy equity positions called preferred stocks, which gives us as taxpayers an ownership stake in their success for a limited period of time.Wah? Ownership by the government no matter how much is socialistic.The ownership by the taxpayers is going to be relatively small and nowhere near the amount needed to be called nationalization
Then he flip flops and says bailouts are bad. WTF?
He is completely wrong that TARP was not Nationalization or government control.
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