Where the Obama administration went wrong was in how it bailed out the banking system: it helped banks earn their way out of a hole by purchasing some of their bad assets and supplying them with cheap money. This, too, was guided by political considerations: it would have been more efficient to inject new equity into the banks, but Obama feared accusations of nationalization and socialism.
奥巴马政府错在救援银行体系的方式上。它所采取的措施是买入银行的一部分不良资产，同时向它们提供低成本资金。这一措施也是出于政治考虑：向银行注入新股本应是更加有效之法，但奥巴马担忧此举会招致国有化和社会主义化的谴责。