He backed the Wall Street bailout, or according to Cain, the “recovery plan,” as he called it on his radio show. Cain wrote that nationalizing banks “is not a bad thing.” He even went as far as criticizing opponents of the bailout, calling them “free market purists” and absurdly claiming that no valid criticism had been brought forward.
Read Herman's previous columns
October 20, 2008
September 22, 2008
Want DP delivered to your inbox daily? Subscribe here: