Treasury Secretary Henry Paulson is the man of the hour. This weekend he drew a clear line in the sand: No more federal bailouts. Not for Lehman Brothers. Not for global insurer AIG. Not for Merrill Lynch. Not for anyone, at least as of this writing.
Larry Kudlow, host of CNBC’s “Kudlow & Company” and “The Larry Kudlow Show” on WABC Radio, is an economist, distinguished scholar at the Mercatus Center at George Mason university, and the author of American Abundance: The New Economic and Moral Prosperity.