Ten Things Not to Like About the US Government Policy Actions Known as "The Bailouts"

Thanks to Cafe enthusiast Malcolm McMichael

1. The Treasury as well as the Fed rewarded some assertive risk takers as well as unwell commercial operation models during the expense of those who followed sound commercial operation practices. Those who followed regressive practices have been penalized twice; first upon the approach up as well as again upon the approach down. Those companies which did fail crop up to have been 'targeted' by insiders.

2. Much of the routine was done in tip with minimal transparency, debate, or disclosure by people who have viewable conflicts of interest.

3. The settled objectives of freeing up credit for the genuine economy as well as stemming foreclosures have not been achieved.

4. Trillions in taxpayer money were supposing with couple of strings trustworthy as well as during minimal stipulated rates of return. Furthermore, multiform of these institutions have been using their taxpayer money to lobby opposite remodel as well as award themselves pre-crisis salaries as well as record bonuses.

5. Bailout actions were arbitrary, inconsistent, ad hoc, as well as without an strong running beliefs of justice.

6. The banking, rating, insurance, as well as regulatory systems have not been reformed as well as the perpetrators of the fall as well as their enablers have been remain in charge, right away overseeing the recovery.

7. Criminal investigations have been minimal; couple of people have been confronting indictments or even serious regulatory scrutiny for actions which have been rarely questionable. Official finds have been whitewashes.

8. Regulations, regulatory structures, as well as alternative safeguards were implemented, revised or swept in reserve in chaotic as well as forward fashion. [discount window appearance as well as collateral, reduced selling rules, bank land companies, mark-to-market]

9. The insider advantages, speculative excess, as well as extreme leveraging of the perpetrators has been authorised to continue; in fact, authorised to expand. There is the taint of insider trading as well as corruption which permeates the process.

10. Wall Street is bailed out; Main Street is not. Efforts to finance the incomes as well as balance sheets of unwell firms have been large as well as were implemented with minimal debate, requirements, or oversight; efforts to shore up taxpayer incomes as well as balance sheets have been partially minimal, theme to endless debate as well as tinkering, rarely selective, as well as incomplete.

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