How Many Bank Bailouts Can America Withstand?

The architects of the 2008 rescues pretend they’ve been vindicated.

This month Journal subscribers based in the U.S. can download a complimentary e-book edition of “Borrowed Time: Two Centuries of Booms, Busts, and Bailouts at Citi,” co-authored by James Freeman.

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Ten years after the financial crisis of 2008, the architects of the bailouts are still describing their taxpayer-backed rescues of certain...