Mr. Samuelson should be advised that there is one economic school of thought that has been consistently sounding the alarm on the credit bubble for quite some time- The Austrian School.
See: Mises, Hayek, Rothbard, and even, yes, Ron Paul.
What we don't need is a bailout that attempts to create value using a government redistribution scheme where there is no value. This bailout is a welfare giveaway that will divert real wealth from the middle class into the bank accounts of reckless and incompetent institutions. And it will PROLONG the recession. NO BAILOUT!
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