What Happened to the Committee to Save the World?

Since I'm giving suggestions for news stories this morning, this one seems obvious. For those with short memories, this refers to the bailouts that followed in the wake of the East Asian Financial crisis. As the U.S. Treasury and Fed went about laying down the law for the countries in the region, Time Magazine ran a cover story with the picture of Alan Greenspan, Treasury Secretary Robert Rubin, and Undersecretary Lawrence Summers, dubbing them the "Committee to Save the World."

--Dean Baker

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