Swagel, Former Assistant Treasury Secretary, Accused Bush Admin. Of Inciting Financial Panic

08/09/2009 05:12 am ET | Updated May 25, 2011
  • Jonathan Schwartz tinyrevolution.com

Back in March Phillip Swagel, who'd been Assistant Treasury Secretary under Hank Paulson, wrote a long article about the TARP bailout called "The Financial Crisis: An Inside View" (pdf).

Would you think it would be news if Swagel had stated that Paulson, Bernanke and Bush's attempts to foment panic to pass the bailout have "surely" contributed to the current recession? Because he did:

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