There was a lot of bank rescue in economic stimulus and there was a lot of economic stimulus in rescuing banks.

But gigantic Keynesian recovery packages worth more than 1.4 trillion worldwide, together with bank rescue packages worth about 8 trillion, have had their effect.

Commercial banks have to be bailed out by governments then governments have to be bailed out by commercial banks.

But rescuing banks is not the same as rescuing the euro. Moreover, rescuing the euro is not the same as rescuing the European project.

As a result, the administration has confused bailing out the bankers and their shareholders with bailing out the banks.

The bailout of banks led to a wave of mergers.

We need a way to bail out good banks but allow bad banks to fail.

Debt equity swaps rescue the banks without rescuing their shareholders.

Investment banks then earn fees for re packaging these securities in tranches of collateralized debt obligations, or CDO s (and sometimes into CDO s of CDO s).

The database also feeds into an interactive online tool, that allows consumers to compare various bank account packages online.

To be sure, they will help to prevent banks from using instruments resembling collateralized debt obligations (which banks use to repackage individual loans for placement on secondary markets) to reduce their exposure.

Yet when the Icelandic banks failed, the British and Dutch authorities had to bail out local depositors.

First, governments should not be pushed into insolvency just to save all banks.

And then Greece, Ireland, and Portugal lost access to credit markets, requiring bailout packages from the International Monetary Fund and the European Union.

But to save a financial system from collapse requires preventing all banks from failing at the same time.

Part of the difference, of course, reflects different starting conditions and the cost of bank rescues.

Yes, one can almost hear them saying, we understand that bailing out banks will subvert market discipline.

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Indeed, perhaps a better explanation is that instead of creating more room for central bankers, the banking rescues narrowed their political room for maneuver.

So governments bailed out banks and economies, producing a sovereign debt crisis.

The choice to save the banks from the financial consequences of their own errors indicates a shift in values away from belief in the wisdom of the market.

Don t confuse saving bankers and shareholders with saving banks.

Any credible bailout plan must require creditor banks to accept that they will lose at least half of their money.

Even in France and Germany, large and internationally active banks potentially exceed the government s capacity to mount a rescue.

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We gritted our teeth and for the sake of our national economies supported our governments as they bailed out the banks with public money.

Since last October, Western countries rescue packages for banks have reached about 4.3 trillion.

The justification was that bailing out the banks, however messily, would enable a resumption of lending.

One is to exclude bank rescues altogether only creditors would have to pay for bankers mistakes.

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Indeed, the demand for bank participation is popular in Germany and justifiably so unlike the Irish rescue package.

The size of the calamity raises the question of whether small countries can really afford bank bailouts.

Instead of restructuring the manifestly unsustainable debt burdens of Portugal, Ireland, and Greece (the PIGs), politicians and policymakers are pushing for ever larger bailout packages with ever less realistic austerity conditions.

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She helped me pack my suitcase.

The mortgage crisis and the credit crunch have led to bailouts for the banks and the nationalization of housing finance and insurance.

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