The Rescue that Missed Main Street

Gretchen Morgenson has a very good article in NYT today on the some of the slimy details of the 2008 crisis-era bailouts. The title aptly describes what follows per the new disclosures made public just last week. Late in the article she quotes Professor Edward Kane who says "bailing out firms indiscriminately hampered rather than promoted the economic recovery". That about sums it up.