The Bush administration's proposal to bail out the financial system is the centerpiece of what would be the most sweeping economic intervention by the government since the Great Depression.
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In turn this will enable the banks to bail out the very same system that has bailed them out and the merry go round will continue to spin, however giddily.
Moody's goes a bit further, reasoning that governments can and will rescue an individual bank, even if they lack sufficient resources to bail out the whole system in a crisis.
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The government didn't bail out firms, they were bailing out the system.
The federal government stepped in Sunday night to bail out Citigroup and restore confidence in the financial system, promising to protect the banking giant against losses on hundreds of billions of dollars worth of troubled assets.
Nothing less than a wholesale bail-out of the banking system, using taxpayers' money and expanded public borrowing.
However, the government has been quick to bail out its banking system, and most economists reckon that a large fiscal boost and the cheaper won (down by 29% this year) will help to cushion the economy, resulting in modest growth, of around 3% next year.
We have to fear that the insolvency problems of sovereign debtors will wreak havoc on the European banking system, which will require a hugely expensive bail out for Deutsche Bank and the others just as took place in the US for Citigroup and the others.
And with the banking system so large, the government wouldn't have been able to bail it out even in a healthy economy.
The Greek pension system is so broken that it cannot afford to buy new bonds to bail out the Greek government.
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Maldonado was held without bail for a week because under the Mexican judicial system, she had to prove she was innocent.
But a government bail-out would surely weaken confidence in America's financial system, especially as the government is also trying to stabilise the housing market and has an unspecified commitment to support the country's investment banks.
It deftly avoided a direct government bail-out (though it benefited from measures taken in Britain and America to keep money flowing to the banking system).
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