Henry Paulson is the man of the hour. No more bailouts. It was a gutsy decision. [excerpt] Paulson stepped into the breach again by backstopping mortgage lenders Fannie Mae and Freddie Mac. It was a necessary action. It stopped a global money meltdown. But it raised the stakes for taxpayers once more. [excerpt] In our capitalist system there are losers as well as winners. There are failures as well as successes. The alternative is that the U.S. goes down the old European path of government domination of markets and the economy. But the moment the U.S. becomes bailout nation, our...
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