financial rescue

Why does Barry Rithholtz hate Obama?

Over at, lambert relates Barry Ritholtz's latest rant:

So far, the Obama administration approach to bailouts has been to keep running Bush Economic term III. They have been far too kind (genteel even) showering taxpayer monies on the incompetents and fools who drove their firms over the abyss. Indeed, it's all but impossible to see where the largesse of the Bush bailout policies ends and the Obama bailout policies begins.

If today were November 2012, I would not vote for this team. As far as the banking sector is concerned, this gang is no different than the knaves and dolts who came before. It is more of the same irresponsible, expensive and reckless policy that preceded them.