The Corner

Obama Bailout Transition

Buried in lead story in today’s WSJ (hate to say I told you so …):

Even before Tuesday’s win, the Obama campaign was discussing ways in which it might attach more conditions to institutions that receive money, according to a person familiar with the matter. Some within the Obama camp, along with Democratic lawmakers, are concerned that banks receiving some of the $250 billion earmarked for direct investments aren’t using the funds for their intended purpose — to make loans.  There’s discussion within the Obama camp about whether to target some of the program toward small businesses, student loans and problem mortgages.

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