Jul
12
2009

MSM Still Ignoring Bank Bailout Alternatives

A Tiny Revolution blogger Jonathan Schwarz (7/9/09) has posted a reminder that "back in March Phillip Swagel, who'd been assistant treasury secretary under Hank Paulson, wrote a long article about the TARP bailout called 'The Financial Crisis: An Inside View.'" Thinking that maybe "it would be news if Swagel had stated that Paulson, Bernanke and Bush's attempts to foment panic to pass the bailout have 'surely' contributed to the current recession," Schwarz lays out some quotes showing that actually "he did": "The way in which the TARP was proposed and eventually enacted surely must have contributed to the lockup in […]