Socialist move
To the editor:
The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks.
And nobody, absolutely nobody, seems the least bit concerned or surprised that BushCo is partly nationalizing the nation’s banking industry. I’m sure that there’ll be those who’ll say, “It’s about time,” but is anybody reminded of socialism?
From each according to his ability. To each according to his need.
John Hamm,
Lawrence