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 a Fed rewarded a little assertive risk takers as well as unwell business models during a responsibility of those who followed sound business practices. Those who followed regressive practices have been penalized twice; initial upon a approach up as well as again upon a approach down. Those companies which did fail appear to have been 'targeted' by insiders.

2. Much of a routine was finished in secret with minimal transparency, debate, or disclosure by people who have obvious 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 provided with few strings trustworthy as well as during minimal stipulated rates of return. Furthermore, several of these institutions have been regulating their taxpayer income to run 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 but an apparent 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 inspection 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 participation as well as collateral, short selling rules, bank holding companies, mark-to-market]

9. The insider advantages, speculative excess, as well as impassioned leveraging of a perpetrators has been authorised to continue; in fact, authorised to expand. There is a contaminate of insider trade as well as corruption which permeates a process.

10. Wall Street is bailed out; Main Street is not. Efforts to subsidize a incomes as well as change 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 change sheets have been comparatively minimal, theme to extensive discuss as well as tinkering, rarely selective, as well as incomplete.

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