Well, before Paulson held a gun to their heads, and made them take the money, it was how business was done. They’re just going through a temporary period of adjustment now that they’ve been nationalized, and work for the government.
Anyone who thinks I’m kidding should go to the Frontline website, and watch this weeks episode on the mortgage meltdown, and how Paulson gave these guys no other option. If Paulson and Bernanke weren’t enough, you also get to see the flaming nitwit Austan Goolsbee. Yes, that’s how he spells his name, and he is just as you might have imagined, a total lightweight with an advanced degree in ass-kissing.
