Posts Tagged ‘Taxpayer’

The True Cost of Government Bailouts

Tuesday, March 31st, 2009

The main justification for all the government bailouts seems to be that the economy cannot survive without them and, that if properly handled, the desired result can be achieved with minimal if any cost to the taxpayer.
The Example of the Resolution Trust Corporation (RTC)
Many use the Resolution Trust Corporation as an example and reference that, [...]

A Solution to the Financial Crisis: Require Insurance Before the Bailouts

Sunday, March 15th, 2009

There is a passionate discussion going on about the government bailout and its costs. Some say that there should be no bailout, and that the the taxpayer is being unfairly stuck with the cost. Some believe that the financial system should be allowed to operate without interference - that, ultimately, the free market will prevail. On the other [...]