The US financial dictatorship

There is nothing free about the market in the USA:

On Monday October 13 in the US Treasury, Paulson convened an emergency meeting with the heads of the nine largest US banks. According to reports from participants, Paulson handed each person a one page document to sign that they would agree to sell their stock shares in part to the US Government in return for an emergency injection of $250 billions. Paulson told them they must all sign before leaving the room. Three hours and reportedly many acrimonious arguments later, all nine had signed in the largest Government intervention into the US banking system since the Great Depression.

Unsurprisingly, the “conservative” media is almost completely silent about this coercive government acquisition. About the only way they’d even notice is if Paulson took over the Yankees or American Idol this way.