Paulson Commits Trillions of Tax Payer Dollars to the Mother of All Bailouts

Stock-Markets / Government Intervention
Sep 19, 2008 - 12:28 PM
By: Peter_Schiff

Just three days ago, after looking at the prospect of bailing a string of distressed financial institution in the country, the government seemingly drew a line in the sand, and refused to bail out Lehman Brothers. The authorities clearly saw Lehman’s demise as a trial balloon to see how the markets would react if the government stayed on the sidelines. That trial balloon quickly turned into the Hindenburg. Immediately reversing course, the Government has decided to go “all inâ€