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cnbc.com - 10/10/2008

Radical Measures May Be In The Wings - Financials * US * News * Story

— cnbc.com — As the financial crisis threatens to spiral out of control, Treasury Secretary Henry Paulson is prepared to... take extraordinary steps through the extensive authority granted to him under emergency rescue legislation. With the legislation’s main ... (more) Radical Measures May Be In The Wings - Financials * US ...

Government

Henry Paulson

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bloomberg.com - 10/10/2008

Paulson Says Will Buy Bank Equity `Soon as We Can' (Update3)

— bloomberg.com — Paulson Says Will Buy Bank Equity `Soon as We Can' (Update3) By John Brinsley and Rebecca Christie... Oct. 10 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said the U.S. will buy equity ``as soon as we can'' in banks and other financial ... (more) Paulson Says Will Buy Bank Equity `Soon as We Can' ...

Government

Henry Paulson

Gordon Brown

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3

krugman.blogs.nytimes.com - 10/8/2008

To do, not to do

— krugman.blogs.nytimes.com — Follow the leader Readers ask what I think should be done about the financial crisis. The answer... is, what Gordon Brown in doing in Britain: a bailout, yes, but one that gives the government an ownership stake in the bailed-out institutions. That plus ... (more) To do, not to do

Henry Paulson

John McCain

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links for 2008-10-11
Economist's View — Heuristic optimisation in economics and econometrics - Vox EU Don’t worry about inflation, worry about deflation - Vox EU Calming the panic - Vox EU An efficient rescue plan - Vox EU How do capital gains affect long run-current accounts? - Vox EU An Alpine Pompeii from the Stone Age - Spiegel Fix the Credit Problem, Not its Symptoms - The Big Picture Paulson Indicates Need to Purchase Bank Equity 'Soon as We Can'  - Bloomberg Muhammad Yunus: 'Capitalism Has Degenerated into a Casino' - Spiegel

Sunday morning links
The Mess That Greenspan Made — TOP STORIES IMF chief warns of global financial meltdown - MSNBC Illinois, Michigan Banks Shut by Regulators; Toll Climbs to 15 - Bloomberg Financial troubles spread to credit unions - LA Times Paulson Indicates Need to Purchase Bank Equity `Soon as We Can' - Bloomberg The Depression's history lessons - Globe & Mail G.M. Said to Seek Merger With Ford Before Chrysler - NY Times Financial crisis: Government to take majority stake in RBS - Telegraph MARKETS/INVESTING Retirement Wreck - Washington Post All that money you've lost — where did it ...

Paulson in a State of Panic
SeekingAlpha.com: Home Page — Bloomberg sums up the disorientation of the Treasury in two articles: “Paulson Indicates Need to Purchase Bank Equity `Soon as We Can'” and “Fannie, Freddie to Buy $40 Billion a Month of Troubled Assets”. In "Paulson/Bernanke: A Conspiracy of Dunces", I wrote that the dynamic duo has shown no consistency in their rescue methodology and sent the markets into panic with the Lehman failure and doomsday predictions related to the $700B package. Thank God they are now looking to the British for inspiration. Trouble remains in that neither the Treasury nor the Brits are giving details on bank equity ...