becker-posner-blog.com - 9/29/2008
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There has been such a flood of media coverage of the financial crisis that it is best to begin with some very simple, basic points.
Banks (broadly defined to include investment banks and the many other lenders) borrow--bank deposits, for example, are loans to banks--and then lend out what ...
lazymanandmoney.com - 9/28/2008
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lazymanandmoney.com —
It seems like everyday there’s new news with
bailouts and banks. Today it was that JPMorgan Chase...
Bought WaMu for 1.9 Billion. Naturally consumers have a lot of questions and they should have them. I’m not an expert. In fact, I’ve ...
(more)
$700 Billion Bailout - Is My Money Safe?
clusterstock.com - 9/28/2008
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clusterstock.com —
Cuts the payment of $700 billion in half
and conditions future payments on Congressional review Gives taxpayers...
an ownership stake and profit-making opportunities with participating companies Puts taxpayers first in line to recover assets if ...
(more)
A Bailout In Our Time
norris.blogs.nytimes.com - 9/29/2008
Comments
Blog Reactions
Liquidity Versus Solvency: Part II
Dealbreaker —
... hazard problem as well as upsetting people by rewarding careless management practices. The more it overpays, the most costly the bailout plan to the taxpayer.
There is a rather serious issue here that has gotten only the smallest bit of attention. How difficult are mortgage backed securities to value? And, given that they are difficult or impossible to value, is it a coincidence that the Treasury seems to be using this opacity to funnel some extra cash.
The $700+ Billion Bailout [The Becker Posner Blog via Broken Symmetry]
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As Alex Tabarrok ...
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Posner, Redux
freakonomics.blogs.nytimes.com 8/29/2009 — The confusing spectacle of Judge Posner blogging about macro continues . His latest missive appears particularly misguided.
A $700 billion slap in the face
krugman.blogs.nytimes.com 9/24/2008 — The initial Treasury stance on the bailout was one of sheer demand for authority: give us total discretion and a blank check, and we'll fix things. There was no explanation of the theory of the case - of why we should believe the proposed intervention ...
Equities, Pay Caps, Liquidity: Structuring a Bailout--Posner
becker-posner-blog.com 10/11/2008 — I want to comment on Becker's post, of course, but I will also take the opportunity to respond to one of the themes in the very interesting comments that readers of our blog made on my post of last week.
I agree completely with Becker that the ...
Democrats' Stimulus Plan May Reach $700 Billion
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