Obama's Dangerous Bank Bailout........

Team Obama is wrestling internally over the bank bailout supposedly to be introduced next week. We naturally are on the edge of our seats. But let's understand something: The taxpayer already stands behind the banking system, and is on the hook for its losses in one sense or another. Moreover, that guarantee has become more and more explicit in recent months -- which is not an unmixed blessing, since such explicitness has tended to create new uncertainty among those stakeholders not specifically included in the safety net...Link