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Wednesday, September 29, 2010

Zakaria: Don't Forget That the Bailouts Worked - Newsweek

Zakaria: Don't Forget That the Bailouts Worked - Newsweek: "The remarkable aspect of TARP, in retrospect, was the bipartisanship that made it possible. Hank Paulson and Barney Frank became comrades in arms. George W. Bush cooperated with Nancy Pelosi. Conservative Republicans endorsed a vast government appropriation. Liberal Democrats supported a bank bailout. The fact that people of wildly differing political persuasions all came to the conclusion that this was the right policy should be some proof that it was not ideologically motivated. For a moment in September 2008, Washington worked."

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