Thursday, November 06, 2008

A Thought From Last Night's Show

"I do not want the government to run these banks. That is my single biggest concern; I do not want the government to run these banks. And with respect to the investment in the banks, they’ve basically made a three-year investment to buy preferred stock. In my opinion, that is as far as this should go. The government shouldn’t tell the banks how to make loans, to whom to make the loans, when to make the loans, dividend payments, risk strategies, all the rest of it. The government is going to make money; the taxpayers are going to make money. Basically, I don’t want us to turn our financial system into France. That’s all."

-CNBC's Kudlow & Company host, Larry Kudlow