Skip to main content

Newsroom

March 27, 2012

Bailout Braggadocio Doesn't Pay in the End

We have all done it. We start playing a game, be it Scrabble or a pickup soccer match, thinking it is just for fun, that the result doesn’t really matter.

But those noble feelings quickly melt in the heat of the battle. We want to win, vanquish our opponents and let everybody know about it.

The financial crisis of 2008-2009 was no game, but the same primordial urge to triumph seems to be informing the U.S. government’s recent approach to its bailout programs. Every time it announces a new “result”—the repayment by a rescued bank, a profit on securities bought during the turmoil, an improvement in some hard-hit market—it extols the success of those efforts.

Read full story here 

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today