when ordinary above the table bailouts just aren't enough

Something to make you feel good. Nothing like the treasury hiding massive bailouts under the radar.

Gotta love it when even the regulators spit on the concept of transparency at the time in history when it is most needed.

This following idea makes the idealist in me just cringe.

"Some conservative economists argue that not only should a firm be able to use losses to offset gains, but that in a year when a company only loses money, it should be entitled to a cash refund from the government."

Yeah that's it. Then GM could get automatic bailouts of $30B a year while running itself into the ground on uncle sam's dime.

LoL! And that wouldn't surprise me a bit.