President Obama said that taxpayer-funded bailouts will no longer

[Subdivisions]

be used to bailout too-big-to-fail institutions. But Sheila Bair, head of the FDIC, just said on Mourning (NOT) Schmo that "bridge liquidity would be provided" to keep an entity afloat while it is broken up and sold off.

Isn't that still a bailout?

[MannyGoldstein]

1. Theoretically, it's refrigerating the corpse rather than saving its life

As a practical matter, it will also be of great help to management and shareholders.

[Deep13]

2. That's actually pretty good news.

It's kind of a debigulator for huge banks.