Biden’s bank bailout just the latest in decades of DC disasters

by James Bovard

“‘Honest bailout’ is Washington’s biggest oxymoron. After two federally insured banks crashed and burned over the past week, President Joe Biden promised Monday, ‘No losses will be borne by the taxpayers’ from federal relief efforts. But for 40 years, financial bailouts have been shrouded in deceit and almost always cost taxpayers far more than politicians promised.” (03/14/23)