To be certain, it is a bailout. And it perpetuates the moral hazard that causes the so-called “too big to fail” financial institutions to take risks they otherwise would not.
How? In part, the bill expressly includes a revolving $50 billion TARP-like fund designed to capitalize failing financial institutions that might otherwise be finding their way to bankruptcy court — where they belong. Republicans are calling it a "permanent bailout fund."
Don't Say Stacey
2 days ago


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