Institute for Policy Innovation

Only the First of Many Future Bailouts

Published in Managed Care Business Week, October 21st, 2008

For those who think the U.S. Treasury's bailout of the banking industry is bad, here's some news for you -- this mortgage bailout is only the first, and the smallest, of a series of bailouts that are going to be necessary in the future, warns the Institute for Policy Innovation (IPI). And taxpayers who have made responsible financial decisions are going to be on the hook for those as well.

Americans are rightly concerned not only about the cost of the bailout, but of the precedent of letting actors in the market make enormous profits while having the risk backstopped by taxpayers. And taxpayers are disturbed by the fact that elected officials were repeatedly warned...

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Source: Managed Care Business Week (2008-10-21)

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