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Funding the Bailout: A Contingent Surtax on the Rich
Economist's View — Robert Waldmann: What Is to be done?, by Robert Waldmann:  OK what ... to do now that the House Republicans (and some Democrats) have voted down the Paulson-Dodd-Frank bailout bill. The contingent consensus of the Left Blogosphere seems to have been to go for the Swedish solution if the Paulson solution is rejected -- that is nationalize banks with inadequate capital. I think this is still politically impossible. Even if the Democrats go alone and Bush is afraid to veto, the blue dogs will be blue dogs. I think 2 ...