Crisis Managers vs Naysayers

Good column by Steven Pearlstein that is certain to irritate some people to no end:

Last fall, during the darkest days of the financial crisis, if you’d predicted that by the middle of this year, 10 of the biggest banks would have paid back all $68 billion of their bailout money and begun to raise private capital again, that General Motors and Chrysler would have been run through a dramatic bankruptcy restructuring and that the stock market would be up 35 percent from its lows, I probably would have given you 10-to-1 odds that you were wrong.

…Instead of celebrating this feat of economic policy, however, there are those who seem more in the mood for second-guessing and recrimination.

More here.

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