We normally don’t spend much time praising elected officials here at OpenMarket, but I have to make an exception (this week, at least) for Sen. Richard Shelby of Alabama. Over the weekend he appeared on TV and trashed the seemingly endless series of financial services bailouts, making the case that if these companies are incapable of functioning without billions of taxpayer dollars, the government should simply let them go into bankruptcy:
“Close them down, get them out of business,” Shelby, the senior Republican…
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