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To do, not to do
To do, not to do
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 a serious fiscal stimulus plan that includes ...
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 ...
Paulson Indicates Need to Purchase Bank Equity `Soon as We Can'
bloomberg.com — Paulson Indicates Need to Purchase Bank Equity `Soon as We Can' By John Brinsley and Rebecca Christie... Oct. 11 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson indicated that pumping government funds into banks is a priority and said financial ... (more) Paulson Indicates Need to Purchase Bank Equity `Soon as ...
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' ...
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Gordon Brown Does Good
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... Paul Krugman: 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 a serious fiscal stimulus plan that includes emergency aid to state and local government. ...

Paulson and Capitalization
Calculated Risk — There has been some more discussion today that the Emergency Economic Stabilization Act (EESA) allows for a UK type recapitalization plan (see Krugman: To do, not to do ). The UK plan is more along the lines recommended by most economists, and many economists are looking for any hint that the TARP might become a recapitalization plan. Krugman points us to Justin Fox at Time: ...

Gordon Brown: Step-Skipper
A Fistful Of Euros » A Fistful Of Euros — ... 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 … Let’s give thanks to Chris Dodd, who insisted on the provision that makes this possible — and to Gordon Brown, for showing the way. [link1, ...

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Oh, No!
econlog.econlib.org 10/12/2008 — (October 11, 2008 10:36 PM, by Arnold Kling) The Wall Street Journal reports, The government's plan to buy equity in financial institutions, announced Friday by Treasury Secretary Henry Paulson, is an idea that many academic economists have championed ...
Financial crisis takes centre stage in second presidential debateWorld News from Times Online 10/8/2008
Barack Obama and John McCain set out their economic policies in their second presidential debate last night.
Comment: Gnawingly dull debate won't halt the Obama TideWorld News from Times Online 10/8/2008
If John McCain’s supporters were hoping that Tuesday night’s second presidential debate would turn back the Obama Tide that has engulfed their campaign in the last two weeks they will have been disappointed.
Paulson Urges Continued CoordinationWSJ.com: What's News US 10/8/2008
Paulson urged governments around the world to continue working together to boost liquidity and strengthen financial institutions.
Spotlight on Obama's terrorist friendWorld News from Times Online 10/8/2008
John McCain's campaign returned to the fray yesterday by repeating charges that Barack Obama is a terrorist's friend just hours after the Republican nominee himself had ignored the issue throughout a 90-minute televised debate with his rival.