The bailout makes BoA the biggest recipient of taxpayer money next to Citigroup.
Caruana says if the situation worsens, it may be necessary for governments to spend taxpayer money to stabilize markets.
The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.
Why are we continuing to use taxpayer money for the bad policy of subsidizing and mandating ethanol production from corn?
Using taxpayer money to save faltering firms is the most direct, but not the only way the executive branch intervenes in economic crises.
You have heard that Fannie and Freddie, their gentle names notwithstanding, may cripple the financial system without a large infusion of taxpayer money.
He said "our banking system is going to lose hundreds of billions of dollars" and taxpayer money was "going down the drain".
This secrecy by the Fed in its appropriations of taxpayer money and the most-likely worthless collateral it exchanged it for represents inflationary risks the Fed is attempting to conceal.
Members of Congress may say it's a trip to foster relationships, but it's also a great photo and a once-in-a-lifetime experience -- paid for with taxpayer money.
