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Home>Paulson’s Gift: The Costs and Benefits of Government Intervention

Paulson’s Gift: The Costs and Benefits of Government Intervention

Perspectives Content Submission

Wed, 16 Feb 2011

On Monday, October 13, 2008, the chief executive officers of the country’s largest banks were summoned to a meeting in Washington DC. The call came just days after the worst weekly decline in U.S. stock market history. At the meeting, then U.S. Treasury Secretary Henry Paulson announced a plan that
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