In particular, the Bush administration has been inconsistent in assessing the need for bailouts
of foreign countries in economic trouble.
As a result, the state decided that the bailout
provisions weren't in the public interest and ruled last October that it would no longer approve filings of contracts containing rating downgrades or similar bailout
South Korea agreed Wednesday to a $55 billion international bailout
- the largest economic rescue plan ever - pledging in return to overhaul its economic system and put its debt-burdened financial system onto a sound footing.
In addition, outlays for the thrift bailout
peaked at $66.
Chapter 13 Moral Hazard: Why Bailouts
Cause Future Problems.
Parliament's term had more than a year to run and the wisest decision would have been to leave in place the coalition government, under the technocrat Prime Minister Loucas Papademos, to implement the bailout
European nations finally gave some public indications this week that they may orchestrate some sort of bailout
for Greece as investors grow increasingly concerned.
Over 95,000 people have visited the Web site, and the founders say they reflect a good representation of the bailout
needs of America.
The chief executive of HSBC, Michael Geoghegan, said that the British government's bailout
of the banking system had set a 'bad precedent.
national security would have been endangered by not paying the IMF billions for the Asian bailout
We talk a good game about opposing bailouts
but it looks like Treasury keeps getting rolled by the IMF," gripes a White House official.
WASHINGTON -- Political insiders considered the $700 billion Wall Street bailout
inevitable heading into today's vote, but lawmakers reacted to grassroots pressure and the bailout
failed by a wide 228-205 margin.
Times are tough and the government is taking a long time to get their act together, so while they're letting politics get in the way of helping people, we're here to give bailouts
to as many people as possible.
Not surprisingly, bailouts
did not work when the IMF tossed $40 billion at Argentina in December 2000 and $8 billion in August 2001.
Given that it is Turkey and Brazil that are likely to be the next candidates for bailouts
, the temptation will be high for Washington to follow the path of least resistance and repeat the Argentina debacle.