Tallying Up the Bailouts

Over at Reason, there is a tally of the various federal bailouts — total damage about $2 trillion. Interestingly, the Washington Post recently ran an article quoting several economic experts who believe that the AIG bailout was ineffective. This latest news is not surprising considering that another major government intervention in the markets, the ban on short-selling, has been called ineffective by a range of experts as well.