by the Sandwichman
Presumably... implicitly... tacitly... these bailouts are all about saving JAWBS.
I mean, is there any other rationale for them that would pass political muster? So can someone direct the Sandwichman to an econometric study that estimates just how many net JAWBS are saved or created per Billion Bail Dollars (BBD)? Note I said net JAWBS -- I don't want to hear any lump-of-labor silliness about the amount of work being fixed so that if someone gets laid off from CitiBank there won't be any new dog-walking or paid blogger positions opening up.
Obviously, economists have studied this matter thoroughly and there's a consensus out there about this stuff. Right?