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As I've said before, if ideological purity still demands that you oppose a bailout, more power to you.
The bank bailout, more formally called the Troubled Asset Relief Program, failed to meet some of its most important goals.
Even so, Merkel's attempt to demonstrate her fiscal rectitude to German voters has ended up making the cost of the bailout more expensive, not less.
That, too, would give a bailout more of a bank focus, rather than the sort of broader jurisdiction over government finances that the I.M.F.
The yield, or effective interest rate, on Greek 10-year bonds climbed back to where it was before the bailout — more than eight percentage points above comparable German bonds.
Even as the federal government and its counterparts around the world readied an ambitious financial bailout, more signs emerged on Wednesday that the economic downturn had taken a darker turn.
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More and bigger crises; more and bigger bailouts; more and bigger deficits.
Last, rating agencies make bailouts more likely by factoring open-ended taxpayer support into bank ratings.
Even among his fellow crisis fighters at Treasury and the Fed, Mr Geithner is always the advocate of more: more bailouts, more money for bailouts, and more authority to do bailouts.
And that alone means we're likely to hear about alleged "bailouts" more than we perhaps should.
But the bill in play has several dangerous features that could make bailouts more likely, not less likely.
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