My armchair economist analysis of the bailout says that it’s a bad idea. To think this out, I’m going to write my understanding of the problem and see if I can figure out whether the bailout makes sense or not. Bear in mind that I’m really stupid so this could all be wrong (else I got lucky). Most of what I write on this blog is for my own use, now and in the future. I put it out there for my own benefit, not yours. 😉 If you get something useful out of it, great. If not, you were warned.