Banks, Auto-Rescues Aren’t Getting the Credit They Deserve

by sheririvlin on October 14, 2010

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Banks, Auto-Rescues Aren’t Getting the Credit They Deserve

David Ignatius/Washington Post – And here’s the point that nobody in politics seems to get: The government interventions worked. The companies were saved. Most of the money that taxpayers invested is likely to be repaid. Many politicians talk as if the whole process was a disaster, but it wasn’t. Private actors made bad decisions, but public officials generally made good ones.

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