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Archive for the ‘Paulson’ Category

As I noted a few days ago, Paulson’s bailout was the worst possible way to do a bad thing. To the extent that the government had to inject money into the financial system, I explained, it would have been far better to use the “FDIC Resolution” approach, which at least addresses the moral hazard issue [...]

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Like most statists and interventionists, former Treasury Secretary Henry Paulson raises the economic equivalent of monsters under the bed when justifying more government. Here’s a blurb from a story about his recent testimony on Capitol Hill: …former Treasury Secretary Henry Paulson on Wednesday defended his decision to complete a $182 billion bailout of American International [...]

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