Tuesday, November 04, 2008

Because those assholes are wealthy enough?

Editorial - So Little Time, So Much Damage - NYTimes.com:

"The administration has taken other disturbing steps in recent weeks. In late September, the I.R.S. restored tax breaks for banks that take big losses on bad loans inherited through acquisitions. Now we learn that JPMorgan Chase and others are planning to use their bailout funds for mergers and acquisitions, transactions that will be greatly enhanced by the new tax subsidy."

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