EppsNet Archive: Bailouts

Goldman Sachs CEO Henry Paulson Endorses Hillary Clinton

I’m seeing a lot of headlines today on Henry Paulson’s endorsement of Hillary Clinton, in all of which Paulson is identified as “President George W. Bush’s treasury chief Henry Paulson,” or “ex-GOP Treasury Secretary Henry Paulson,” or something to that effect. There are certainly other ways of identifying Henry Paulson, e.g., Former Goldman Sachs chief executive Henry Paulson Architect of… Read more →

Greece is Going Out of Business

I remember the good old days when we only had to worry about small banks going out of business. Then big banks started to go out of business, then non-bank financial institutions, and now small countries. The problem with having a lot of debt is that, with some exceptions (“too big to fail”), bad things happen when your investors get… Read more →

Best 10-Word Explanation of Why the Big 3 Bailout Should Die

We simply cannot ask the American taxpayer to subsidize failure. — Mitch McConnell Read more →