This is Part 1 of John Stossel’s special, “Bailouts and Bull,” which aired last Friday on ABC. In this clip, Stossel addresses the current economic crisis and the government’s response to it. Stossel, the co-anchor of 20/20, is a libertarian consumer reporter and journalist who frequently discusses the folly of market interventionism and excessive government regulation. His reports on 20/20 are insightful, entertaining, and thought-provoking, and can be viewed at his website. The rest of “Bailouts and Bull” is available on YouTube.