First of all, this has nothing to do with socialism. It does not matter which banks hold the money or issue loans - Federal or private. Issuing a loan to a pr

First of all, this has nothing to do with socialism. It does not matter which banks hold the money or issue loans - Federal or private. Issuing a loan to a private company (using tax dollars or otherwise) is the opposite of socialism, which tends towards de-privatization. Secondly the author seems to push for socialism based on bank-bailouts. There is nothing wrong with private banks, but there IS something wrong with bailing them out using government money. Private enterprise must be able to fail, regardless of how "big" it is, in order to represent a properly capitalistic economy. In shorter words, real capitalism = no government bailouts. Government bailouts = crony capitalism.