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The Wall Street Journal’s Gordon Crovitz notes that, a century ago, in 1907, J.P. Morgan did a better job all by himself supervising a similar credit crunch than Henry Paulson and Ben Bernacke have today, and in part because the books for the financial institutions then were more open...
The question now becomes how to unwind the AIG bailout. The big banks have de-TARPed. The issue of AIG secrecy, however, still remains. But that’s not Geithner’s issue. He wasn’t part of the secrecy; he was part of the solution. (Incidentally, former Treasury man Henry Paulson will join me on T...
Thu, Jan 28 | from National Review Online