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In the summer of 2008, a tactical rift opened up between Timothy Geithner and Hank Paulson regarding the approach to Lehman Brothers. Specifically, Paulson favored

In the summer of 2008, a tactical rift opened up between Timothy Geithner and Hank Paulson regarding the approach to Lehman Brothers. Specifically, Paulson favored making it publicly clear that there would be no bailout of Lehman Brothers. Briefly discuss the argument against Paulsons approach.

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