World

Geithner’s Bailouts Didn’t Create Our Mess

The public remains obsessed with ending “too big to fail,” the unstated policy in which the federal government rescues the biggest banks to prevent financial disaster. With the imminent retirement of U.S Treasury Secretary Timothy Geithner, who masterminded bailouts while serving as New York Federal Reserve president and later at Treasury, bloggers are firing up another rhetorical fusillade against the Geithner-era bailouts.

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