Henry Paulson is Wrong
The decisions that Congress must make now will affect not only the US economy's short-term prospects, but will shape the type of capitalism that we will have for the next 50 years. For anyone who believes in free markets, the most serious risk of the current situation is that the interest of a few financiers will undermine the capitalist system’s fundamental workings.
https://prosyn.org/tglkMoq
CHICAGO – When a profitable company is hit by a very large liability, the solution is not to have the government buy its assets at inflated prices. The solution, instead, is protection under bankruptcy law, which in the United States means Chapter 11.