In 2009, Alexander Fink and Thomas Stratmann collaborated on a paper which illustrated,
"Institutionalized Bailouts and Fiscal Policy: The Consequences of Soft Budget Constraints"
Read this paper, describe whether they proved their point. Using SOAPSTONE analysis methodology, think about whether or not they are successful with their position. After doing this, think about this is term of 4 years later. Were they right? Which topics were they accurate about and why?