Crash course: 2008 and the divided economy

The financial meltdown revealed the gap between numbers and reality, and between the tech masters who increasingly dominate the economy and the people whose lives they impact.

A decade has passed since former U.S. Treasury Secretary Hank Paulson unveiled the multi-billion-dollar bank bailout. Photograph courtesy of Grant Miller for the George W. Bush Presidential Center

Opinion

BY LISA VAN DUSEN

September 19, 2018

On Sept. 19, 2008, four days after Lehman Brothers cratered, U.S. Treasury Secretary Hank Paulson unveiled “a number of powerful tactical steps” to restore confidence to the American financial system, and therefore to global markets. Paulson presented the Bush administration’s $700-billion pla...

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