Should the government continue bailing out BANKS and bank-related institutions?
To the extent that tax payer money to prevent banks from going under is cheaper on tax payers than allowing the banks to collapse, it is very clear that it is a wise of tax payer money. Of course the problem is how to determine this. BUt there are clear examples where a bailout may have been better, such as in the case of Lehman brothers. And we have a further issue of HOW best to go about it, so that tax payers get an upside when the bail outs do work. Philosophically, government bail outs are not a great evil, so long as tax payers are getting thier money’s worth and share in the upside profits.
