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Hank Paulson on Journalists' Role in the Crash

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From the The Economist, Hank Paulson on the media's coverage of the credit crisis: “Most frustrating to me personally” was the failure of the press to point out the inherent contradiction that many people who criticised the Troubled Assets Relief Programme—a big part of the bank bail-out—were also intensely critical of the failure of the banks to lend more. Given their undercapitalisation by September 2008, without the TARP money the banks would subsequently have been able to lend significantly less than they did. “I never saw that contradiction reported,” Mr Paulson accused his audience.
SOURCE:   The Economist

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