Blogging on bureaucracy, organizations, USDA, agriculture programs, American history, the food movement, and other interests. Often contrarian, usually optimistic, sometimes didactic, occasionally funny, rarely wrong, always a nitpicker.
Monday, September 14, 2009
Getting Out
The Times has a piece on the various measures we collectively call "bail-outs", including a discussion of the difficulty of getting out, of unwinding. It reminds me of the Reconstruction Finance Corporation, an entity created under the Hoover administration which made loans for various purposes, over the years amounting to close to twice the annual government budget under Hoover. It took until 1957 to wind down its affairs and close the doors. x
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