The President is supporting the current international policy of delaying a large bailout until there is evidence of real reform.
At the same time the demands from international investors yesterday for a large, immediate Russian bailout should be viewed skeptically.
The Government estimates that the Bank of New England will cost at least $2.3 billion to rescue, the largest bailout yet.
The loss sets the stage for what could become the largest Federal bailout of a savings institution.
The settlement appears to be the largest bailout to date of mutual fund shareholders.
Farmer Mac was born in 1988, part of a larger bailout for the farm industry.
That was the largest bailout in banking history.
That did not stop the ruling party from engineering even larger bailouts - two in succession - for Daiei, another struggling retail chain.
China's big banks have already required three large bailouts in the last seven years, and the question now is whether they will require another.
So far, the companies have cost taxpayers almost $150bn the largest bailout of the financial crisis.