The Duck of Minerva

The Duck Quacks at Twilight

End the monstrous and grotesque hybrid

March 15, 2009

And just complete the nationalization process.

In return for the bailout, the government took an 80 percent ownership stake in the company. Liddy was recruited by former Treasury secretary Henry M. Paulson Jr. to run the company. Since then, the rescue package has ballooned. But both the Bush and Obama administrations have been reluctant to completely and explicitly nationalize the company, though this could have avoided the current flap over bonus payments….

I know the administration is worried about the political backlash, but the backlash will ultimately be worse if they don’t do it.

Or sic Robin Hood on ’em.

website | + posts

Daniel H. Nexon is a Professor at Georgetown University, with a joint appointment in the Department of Government and the School of Foreign Service. His academic work focuses on international-relations theory, power politics, empires and hegemony, and international order. He has also written on the relationship between popular culture and world politics.