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Fannie Mae, Freddie Mac, AIG ... and the New York Yankees?

By Jim Caple
Page 2

Tuesday, September 23, 2008

In yet another stunning act of governmental intervention in the free market, Treasury Secretary Henry M. Paulson Jr. called for a takeover of the New York Yankees late Tuesday night. "This action might be unprecedented, but it is also necessary to avoid the complete collapse of our nation's most successful and treasured sports team," Paulson said after the Yankees were eliminated from the postseason for the first time since former President Bill Clinton's first term. "Had there not been swift ...

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