Hey, The Last Bailout Didn’t Work. So Let’s Give Them More.

Bleeding banks prompt talk of new big U.S. bailout | Reuters

WASHINGTON (Reuters) – Major U.S. banks are still hemorrhaging red ink, despite massive taxpayer aid, and President Barack Obama is under pressure to take a high-stakes political gamble — asking for another bailout.

Whether he would get one from a skeptical Congress is unclear, given the wide dissatisfaction with the first bailout, known as the Troubled Asset Relief Program, or TARP, a $700 billion fund to stabilize the banks and Wall Street.

Oh yeah, that’s going to work.

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