I hadn't seen this 4+ day old article until now, but it is a bit startling to me and I thought I had been paying attention to the 'bailout follies'
The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system ...
Why is this allowed? Why no discussion about alternatives? Why no discussion about responsibility and consequences?