Although Congress Squelches the “Paulson Plan” it’s Still $700 Billion to You and Me

Did U.S. taxpayers dodge a bailout bullet? Maybe not completely. To be sure, under the $700 billion credit-crisis bailout plan proposed by U.S. Treasury Secretary Henry M. “Hank” Paulson Jr., there were some decidedly scary codicils. For one thing, there was a near…