{"id":11491,"date":"2009-02-27T22:13:23","date_gmt":"2009-02-27T22:13:23","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/taxpayer_beware_bank_bailout_will_hurt\/"},"modified":"2009-02-27T22:13:23","modified_gmt":"2009-02-27T22:13:23","slug":"taxpayer_beware_bank_bailout_will_hurt","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11491","title":{"rendered":"Taxpayer Beware: Bank Bailout Will Hurt"},"content":{"rendered":"<p>A single piece of paper may just be one of the most surprising and illuminating documents of the whole banking crisis.<\/p>\n<p>It&#8217;s a one-page research note from an economist at Deutsche Bank, and it outlines in the clearest terms the kind of solution many bankers are looking for. The basic message: We should forget trying to get a good deal for taxpayers because even trying will hurt.<\/p>\n<p>&#8220;Ultimately, the taxpayer will be on the hook one way or another, either through greatly diminished job prospects and\/or significantly higher taxes down the line,&#8221; the document says.<\/p>\n<p>In other words, the paper says, if the government tries to save taxpayers money, many people will lose their jobs and the whole economy will suffer.<\/p>\n<p><a href=\"http:\/\/www.npr.org\/templates\/story\/story.php?storyId=101224460\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A single piece of paper may just be one of the most surprising and illuminating documents of the whole banking crisis. It&#8217;s a one-page research note from an economist at Deutsche Bank, and it outlines in the clearest terms the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11491\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,616,151,667,583,585,596,584,668],"tags":[],"class_list":["post-11491","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-the-2009-obama-administration-bank-bailout-plan","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government","category-treasury-secretary-timothy-geithner"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11491"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11491\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}