What Hath Government Wrought?

by Pejman Yousefzadeh on April 16, 2009

As Megan McArdle writes, government is now in a position where it is sending ridiculously mixed messages to banks. Read, and get a glimpse for what we are in for next. Oh, and if you are a bank officer, let me state right now just how sorry I am for all of the nonsense you are going to have to put up with for the next few years–at least.

Is it beginning to dawn on people that government involvement in the banking sector is a bad idea and that government has no idea whatsoever what it is doing?

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