{Empty title} | The Nation

There have been successful "bailouts" for banks, and other for-profit corporations, indeed yes. They were called collateralized loans, and were made by individuals or corporations who took some risk to make some profit, and did not whine if the transaction went south into the loss column. Unfortunately, public, taxpayer funds exchanged for paper of dubious worth as valued by political persons having no clue whatsoever how to read a balance sheet, sources and uses of capital, or income statement, etc. etc. etc. wind up being played for the suckers they are at our expense since obviously it's OPM (that is, our money) a little caution or common sense gets in the way of making a headline. Let's keep in mind that when all economists are lined up they all point in different directions, and after all it all depends on whose ox is getting gored.