More details of US corporate welfare, and current US meltdown.
The really interesting questions, of course, are those that follow.
Suppose the US government is sending a signal to Wall Street that it will bail it out, despite its irresponsibility?
Some will probably argue that this is how it should be. That it's a price worth paying to avoid economic catastrophe. The markets don't panic, things go on as usual.
Well, if so, will such people then also accept that capitalism *is* dependent on government as lender of final resort? That the whole system is a kind of Keynsianism of forced "tax-and-lend" rather than "tax-and-spend"? (Except without the egalitarian pretensions of good-old-fashioned-Keynsianism) Markets and governments "symbiotic" rather than opposing principles?
Will the true libertarians peel-off in revulsion at the whole corrupt system?
Will people just get *used* to it?
Will, in fact, the international money markets "punish" this behaviour by getting out of the dollar?