The Volokh Conspiracy - "It's Called CAPITALism for a Reason":

Professor Bainbridge ponders the apparent economic ignorance of the unnamed Obama Administration official who told the WSJ "You don't need banks and bondholders to make cars." If the quote is accurate, it is astounding. Yet another reason to buy a Ford.

	[Jonathan Adler, May 11, 2009 at 10:36pm] Trackbacks "It's Called CAPITALism for a Reason": Professor Bainbridge ponders the apparent economic ignorance of the unnamed Obama Administration official who told the WSJ "You don't need banks and bondholders to make cars." If the quote is accurate, it is astounding. Yet another reason to buy a Ford.