Commentaries
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Profiting from the bailout
What is it with this belief that somehow the federal government’s role should be to profit from the bank bailout?
I thought the purpose of the bailout was to save the financial system from collapse. And that’s why I supported it last fall–even if it was poorly designed and poorly explained to the public.
If the government could somehow make money on its capital infusions, so much the better. But making a profit on the bailout–or even getting back all the government’s money–was not critical to judging the success of the bailout.
Now don’t get me wrong, I have no problem with the government recouping its investment. But the main goal of the bailout was to avert another Great Depression.
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The Wall
