Unsanitized: Bailouts, A Tradition Unlike Any Other
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Unsanitized: Bailouts, A Tradition Unlike Any Other

David Dayen, March 25, 2020 Twelve years ago, banks asked for a bailout after years of irresponsible, highly leveraged lending. The Treasury Department put out a three-page term sheet seeking money from Congress with no strings attached, even eliminating judicial review. Democrats balked, called it a slush fund and worse, then agreed after a few…