Tim Fernholz says if the public once again steps up to bail out the banks, we should get something big in return.
But, to borrow a phrase from a certain former White House official, in every crisis there is opportunity. The revelation of this negligence offers the Obama administration and Congress an opportunity to capitalize on the lessons of TARP. Namely, if the public once again steps up to bail out the banks, we will get something — something big — in return.
