The bailouts have indeed occurred on a regular basis since at least, say, the mid 80's (the Continental Illinois Bailout). The rather clear problem is they have been increasing in size at an alarming rate.
This is exactly what one would expect. Each bailout increases the moral hazard involved in the banking system.
This is exactly what one would expect. Each bailout increases the moral hazard involved in the banking system.
http://en.wikipedia.org/wiki/Moral_hazard
Heaven help us with the next bailout.