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Bailout Watch: Who’s Grubbing Now?

Michelle Malkin  •  December 26, 2008 06:48 AM

I’ve reported for years on how city and state governments have forked over hundreds of millions in public subsidies to private mall developers and retailers.

In the wake of bad holiday sales, they want more government help. It’s not enough. It’s never enough

Via WSJ

Adding to the Borrow-Spend-Panic-Repeat cycle, the Federal Reserve’s approval of GMAC’s application to become a “bank holding company” for the sole purpose of siphoning off TARP funds was approved. Just in time for Christmas, when you weren’t paying attention

Like I said: They are all “bank holding companies” now.

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