The confluence of big government and big business is lovely, don’t you think? This brings the nonsense full circle:

New York City hopes to spend $45 million to retrain laid-off Wall Streeters

Under a program unveiled Wednesday by Mayor Michael Bloomberg, the city wants to invest $45 million in government money to retrain investment bankers, traders and others who have lost jobs on Wall Street, as well as to provide seed capital and offices for new businesses those laid-off bankers might create.

Thanks to The Corer at NRO for finding this gem.

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