The lesser evil

This is an opinion item.

Author(s)	The Philadelphia Inquirer editorial board
Source	The Philadelphia Inquirer
Date	September 21, 2008
URL	http://www.philly.com/inquirer/opinion/20080921_Editorial__Economic_Bailout.html
Quote	"But allowing a meltdown of the financial system caused by bad mortgage debt would be worse than the cost of a long-term taxpayer bailout. If financial markets collapsed, more workers would lose their jobs, retirement savings would be erased, and bank loans would dry up, further weakening the broader economy. As President Bush said, the gears of the nation's financial system "were at risk of grinding to a halt.""

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This item argues for the position United States should bail out the banking industry on the topic Economic crisis of 2008.