Three Decades of Subsidized Risk: Those Government-Funded Merchants of Greed

“The conventional wisdom as perpetuated in the media is that these bailout mechanisms are unique, designed to ameliorate a once-in-a-lifetime financial “perfect storm.” They are unique, but only in size,” Charles Gasparino writes. Looking back shows “the government has been ready to hand out free money nearly every time risk-taking led to losses.