Monday, October 20, 2008

Not at the Point of a Gun, but A Pen

Coyote Blog provides this "mob related" link.
"The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, then Treasury Secretary Henry M. Paulson Jr. said they must sign it before they left."
How is this different than "making them an offer than cannot refuse" with the proverbial horse head in the bed?

The difference is Tony Soprano is up front about what he is doing. Paulson denies it is asset confiscation via fountain pen.

Unrelated thought: Where is my copy of Atlas Shrugged?

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