Again, while I wasn’t for the bailout, this piece makes some really good points. This author argues it’s more of a ‘transfusion’ — designed to resuscitate an economy destroyed by government.
This is no bailout of an industry, it’s a transfusion of capital needed to allow an industry to comply with legislation that just doesn’t make sense. And while the politicians posture and pontificate, bluster and blame, banks are failing and irreparable harm is being done to John Q’s nest egg— yours and mine!
Add this to the post-mortems, but beware: transfusions don’t always work.