Was the 2007-8 bank bailout just a page from Bagehot's 1873 book and nothing new?

What is remarkable is that the strategy of dumping credit on the world’s banks as organized and celebrated by Paulson, Geithner and Summers in the crisis of 2007-8 (Becker and Morgenstern, 2009),...

01 January 1970 897 2 View