Banks, automakers, health insurers. . .if I've missed anyone in there, I apologize.  I'm sure that there have been other industry targets.  This is the method of the current administration.  Vilify and pacify.  It is a Faustian bargain.  I've said before that business men and women have missed the mark on this group of people.  They believe that the deal is the deal.  It isn't.  Ask the banks, ask the automakers, ask people who have tried to make deals.  The deal shifts with these people.  It changes on their timeline and on their terms.  The question is:  How long will the learning process take?

Mark Steyn's take here.  Meanwhile, another takeover.

We shall see what we shall see.

Thanks, David.