Confusion over the continuing impact of the federal government’s “bailouts for everyone but taxpayers” program continues. Tyler Cowen over at Marginal Revolution pontificates:
In my view the real bailout is the existence of the FDIC which, like it or not, is not a commitment we cannot walk away from.  Had nothing been done, the required FDIC [...]

The Wall Street Journal reports that someone in government has a plan. Unfortunately, that plan is, as usual, to steal more money from the productive among current and future generations so the unproductive can continue to live in their big, comfy houses which they really cannot afford.
Treasury Secretary Henry Paulson is asking lawmakers for unprecedented [...]