Companies bend to Fed's will—even when they don't have to
(NEWSER) - The rash of government bailouts in the last 16 months was aimed at averting financial meltdown, but its effects on American capitalism will last long after the last TARP funds are (if they are) paid back, the Wall Street Journal predicts. Obama adviser Larry Summers argues that the interventionist moves were nothing more than short-term rescue operations, but with Washington now wielding influence over a broad swath of big companies, many aren't persuaded. More»
