How we got into this mess, and how not to get out of it

  • Article by: Michele Bachmann
  • Updated: September 25, 2008 - 4:41 PM

When Bear Stearns hit bottom in March, the credit crisis claimed its first big Wall Street victim. Treasury Secretary Hank Paulson said we had to bail out the bleeding financial giant at a cost to the taxpayers of $29 billion. Paulson said that would stabilize the markets. But it didn’t.

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