The Myth That Sold the Wall Street Bailouts

"The second Great Depression mythologizers — including Geithner, New York Times columnist Tom Friedman and the editorial board of The Washington Post — assume they can say whatever they want and that people will accept it because they are important people whose conventional wisdom is rarely, if ever, challenged. They even managed to retain their authority after failing to see the economic threat posed by the housing bubble. The bottom line is that for these people, the goal was saving Wall Street — full stop. Whether the rest of the country suffered was beside the point."