I think a few of you are forgetting that we could have shut down these banks because they were not adequately capitalized or used antitrust law to break them up given their monopoly positions.
That probably would have been the best decision Obama could have made since it would have introduced new dynamic players into the industry instead of the zombie government monolith banks we now have.
Many of you loathed TARP. What Obama apparently wanted done would have accomplished what TARP prevented the market from doing.
The biggest thing this story shows is that Obama is a complete puppet of Wall Street.
Big Sky told me this morning that he thinks that the green industry is nothing but a way to pay off donors. Probably true.
It's the Chicago Way.