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Treasury Selloff: We May Be Approaching Bailout Limits [View article]
> It's
> a only a bank bailout.
And a poor one at that. Rather than propping up rotten banks the govm't "should" fund new banks with squeaky clean balance sheets. It doesn't matte that much that the same people would run the new banks as the old banks, at least the balance sheets would be clean. Propping up (a better description of what's happening than "bailing out") is a near bottomless pit. The bank's creditors may get their money from the govm't, but that's where the buck stops. Yes, the govm't may make some money on the bad paper, but I'm not betting on it. I think all of it will go to the creditors.