While the battle plays out for public opinion and in Congress on what the Wall Street Bailout will look like, banks and financial services firms and their lobbyists are already trying to get their hands on more of the taxpayers goodies.
Just since the idea of a bailout was floated, Paulson has already expanded the request to include foreign-based subsidiaries of American financial firms and to expand the list of assets eligible to include securities backed by credit cards and car loans. Anyone have an estimate on the size of those markets?
Now an article in the New York Times tells us that financial firms and banks are all asking for their own little spot at the slop bucket.
More of this sickening display over the bubble...
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