Don’t Blink, or You’ll Miss Another Bailout

The New York Times reports:

Many people became rightfully upset about bailouts given to big banks during the mortgage crisis. But it turns out that they are still going on, if more quietly, through the back door. The existence of one such secret deal, struck in July between the Federal Reserve Bank of New York and Bank of America, came to light just last week in court filings.

No laissez-faire doctrine here in America.