http://rawstory.com/news/2008/Paulson_kneels_before_Pelosi_begs_for_0926.htmlThursday 25 September 2008
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by: Kevin G. Hall, McClatchy Newspapers
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Traders on the floor of the New York Stock Exchange react to turmoil among investment banks on Wall Street. Many of the nation's brightest economic minds are warning that the Wall Street bailouts a dangerous rush job. (Photo: Spencer Platt / Getty Images)
Washington - A funny thing happened in the drafting of the largest-ever U.S. government intervention in the financial system. Lawmakers of all stripes mostly fell in line, but many of the nation's brightest economic minds are warning that the Wall Street bailout's a dangerous rush job.
President Bush and his Treasury secretary, former Goldman Sachs chief executive Henry Paulson, have warned of imminent economic collapse and another Great Depression if their rescue plan isn't passed immediately.
Is that true?