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 the little assertive risk takers as well as unwell commercial operation models during the responsibility of those who followed sound commercial operation practices. Those who followed conservative practices have been penalized twice; first on the way up as well as again on the way down. Those companies which did destroy crop up to have been 'targeted' by insiders.

2. Much of the routine was finished in secret with minimal transparency, debate, or avowal by people who have obvious conflicts of interest.

3. The settled objectives of pardon up credit for the real 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 regulating their taxpayer money to run opposite reform as well as endowment themselves pre-crisis salaries as well as record bonuses.

5. Bailout actions were arbitrary, inconsistent, ad hoc, as well as but an apparent 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 collapse as well as their enablers have been remain in charge, now overseeing the recovery.

7. Criminal investigations have been minimal; couple of 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 chaotic as well as forward fashion. [discount window participation as well as collateral, short offered rules, bank holding 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 contaminate of insider trade as well as crime which permeates the process.

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

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