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

Thanks to Cafe patron Malcolm McMichael

1. The Treasury as well as a Fed rewarded some aggressive risk takers as well as unwell business models at a expense of those who followed receptive to advice business practices. Those who followed conservative practices have been penalized twice; initial upon a approach up as well as again upon a approach down. Those companies which did destroy appear to have been 'targeted' by insiders.

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

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

4. Trillions in taxpayer income were supposing with few strings attached as well as at minimal stipulated rates of return. Furthermore, multiform of these institutions have been using their taxpayer income to run opposite reform as well as endowment themselves pre-crisis salaries as well as jot down bonuses.

5. Bailout actions were arbitrary, inconsistent, ad hoc, as well as but an strong guiding beliefs of justice.

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

7. Criminal investigations have been minimal; few people have been facing 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 pell-mell as well as reckless fashion. [discount window participation as well as collateral, short selling rules, bank holding companies, mark-to-market]

9. The insider advantages, suppositional excess, as well as extreme leveraging of a perpetrators has been allowed to continue; in fact, allowed to expand. There is a contaminate of insider trade as well as crime which permeates a process.

10. Wall Street is bailed out; Main Street is not. Efforts to finance a incomes as well as balance sheets of unwell firms have been massive 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 discuss as well as tinkering, rarely selective, as well as incomplete.

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