Private equity and Wall Street want in on the action. It is really what it boils down to. There will be virtual implicit guarantees that they will get bailed out if they go belly up. It doesn't matter how screwed up their books or risk-taking are. They won't go to jail—just cash checks and pay a small fine.
Borrowing costs will undoubtedly go up because the government probably underwrites things that wouldn't be possible without higher rates in the private markets
