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Bank Recapitalization Options and Recommendation (After Citigroup Bailout)

Economist's View found this 11/26/2008 on baselinescenario.com

By Peter Boone, Simon Johnson, and James Kwak ( pdf version is here ) Summary 1. Debt and equity prices for U.S. banks at the close on Friday, November 21, indicated that the market is testing the resolve of the government to support the banking system. Allowing major banks to fail ...