Monday’s Big Idea
Today's Big Idea: The Bailout Game
Big government bailouts come with mixed blessings. On one hand, it is the only viable way to rescue banking institutions, auto makers and other floundering governments. When they simply don't have the money to continue to function, government bailouts can prevent them from going under and wreaking havoc on the global economy. On the other hand, governments are paying for bailouts on huge deficits, with the bulk of the burden riding on the backs of taxpayers.
Today, our experts weigh on how policymakers handled one of the worse economic crisis in world history. Two years after the beginning of the European debt crisis, and four years after the U.S. credit crisis started, who got it right? What worked and what didn't? And for those who are still suffering despite government help, what will it take to win this bailout game?