Sunday, July 20, 2008

A crony capitalism meltdown By Rich Lowry

During the famous "bank war" of the 19th century, the president of the embattled Second Bank of the United States, Nicholas Biddle, knew how to operate — spend money liberally. Bank defender Sen. Daniel Webster wrote him once, "If it is wished that my relation to the Bank should be continued, it may be well to send me the usual retainers."

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