Argument: Bailout was a mistake, so should not be repaid

Issue Report: 2010 US bank tax


Jeffrey Miron. “Bailing out the Banks Was Wrong, but New Tax Won’t Make It Right.” Investor’s Business Daily. January 14, 2010: “The U.S. made a huge mistake in bailing out the financial industry. Bankruptcy would have been the right way to punish the financial sector for its excesses. High profits and large bonuses are perfectly fine — they are the reward for risk-taking — but only if those reaping the rewards in good times actually pay the piper in bad times.”