Missing Facts from Andrew Sorkin's Discussion of Bailouts and Bonuses

Andrew Sorkin used his Dealbook column to tell readers that the 2008 bailout "worked." That is of course true if the definition of success is to keep the Wall Street banks in business and operating as they had prior to the crisis. It is far less apparent that the bailout worked from the standpoint of the economy as a whole.

The piece presents comments from then Treasury Secretary Henry Paulson expressing the concern that if bailout money had been tied to real conditions, such as a plan to bre...