“An Unfair and Ineffective Bailout” by Center for American Progress
September 23, 2008, 1:00am

The Bush administration’s initial plan to bail out Wall Street’s ailing financial markets was just three pages long. It called for Treasury Secretary Henry Paulson to be given unprecedented and unilateral authority to buy up $700 billion in souring mortgage assets from the very financial institutions that “engineered the current crisis.”

From The Center for American Progress