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September 28, 2008

'WSJ' Continues to Back Paulson Plan

With reservations, of course.  Here is latest:   "The U.S. banking system continues to be under enormous stress, and if managed well the Paulson plan offers a decent prospect of preventing it from further infecting the economy. It might save taxpayers money in the long run. Yes, some bankers will remain in business when they wouldn't otherwise, but Schadenfreude is not a policy and revenge against what's left of Wall Street isn't worth the potential harm to innocents on Main Street."

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