He said the bank had decided in late 2007 to rein in lending, a policy that proved "a hard pill to swallow" for some executives at the bank.

BBC: HBOS ex-chairman Lord Stevenson admits errors

Now, it might seem crazy that U.S. taxpayers would be called upon to bail out, you know, the Royal Bank of Scotland, or UBS. But Secretary Paulson says, you know, these banks do a lot of business in the U.S., they employ a lot of people here, but you can expect that that will be a hard pill for a lot of Americans to swallow.

NPR: Fed OKs Changes At Goldman, Morgan Stanley

This can be a hard pill for neoclassical economists and those who think like them to swallow, but it helps if you think of the minimum wage as it really is: a minimum productivity law.

FORBES: What We Need Is A Randomized Minimum Wage