Is the Obama Administration’s Financial System Overhaul Pushing Us Toward State Capitalism?
Jun 26th, 2009 | By Shah Gilani | Category: Financial News, Politics & EconomicsWith its regulatory overhaul of the U.S. financial system, the Obama administration has granted the federal government new powers to take over systemically important businesses, but has done so in a way that may well mask a potentially dangerous drift toward American state capitalism.