“Of course, if you’re the kind of person who wants to see the whole system come crashing down, you don’t want a bailout; you want to see everything fall apart and hope that you can pick up the pieces. I’m not that optimistic that “we”—whoever “we” are—can do that. I was not willing to risk throwing scores of millions of people out of work on a political bet, a very long political bet. And so I thought that some kind of bailout was absolutely necessary.”
Ka-Pow! Bang! Crash! Down Goes Another Bubble! Doug Henwood in Conversation with Christian Parenti - The Brooklyn Rail
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