Businesses Still Benefitting from Hidden Federal Bailouts

Wednesday, March 23, 2011 - 15:32 in Mathematics & Economics

The federal financial bailouts of the last few years received tremendous publicity, but multiple sources of "hidden bailouts" eluded notice, says Cheryl D. Block, JD, law professor at Washington University in St. Louis. Some hidden sources of federal financial rescue include new, expanded tax credits, the more liberal IRS interpretation of regulations, and "off-off budget" bailouts by quasi-governmental agencies such as the Federal Reserve Bank, according to research by Block.

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