The NYT told readers that the Bush administration requested the $700 billion bailout "to prevent an economic collapse." Is that so? Do we know for sure that this is not a trumped up crisis designed to help the Wall Street fat cats? I don't know the answer to that one. If the NYT does they really should share this information with their readers.
--Dean Baker
Fortify your mind! Join the Prospect today
Support The American Prospect's independent, nonprofit journalism by becoming a member today. You will stay engaged with the best and brightest political and public policy reporting and analyses, and help keep this website free from paywalls and open for all to read. Our membership levels offer a range of perks including an opt-in to receive the print magazine by mail.
