Financial principles

Vincent Reinhart, an economist at the American Enterprise Institute in Washington, is quoted in the New York Times of 9/10/08 as saying that

Mr. Paulson, like Mr. Bush, would ordinarily resist government intervention. “I think the economy is taking Bush and Paulson to a place where they wouldn’t go on their own,” he said. “In a crisis, you start bending principles, and Paulson bent principles.”

What principles is he talking about? not the socializing of debt and privatizing of profits apparently.