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What’s Plan B?
One of the determinants of how you feel about the Geithner Plan is what you think will happen if it fails. By “fails,” I mean that the buyers’ bids are lower than the sellers’ reserve prices, so the toxic assets don’t actually get sold. Brad Delong , for ...
Geithner plan arithmetic
krugman.blogs.nytimes.com — Leave on one side the question of whether the Geither plan is a good idea or not.... One thing is clearly false in the way it's being presented: administration officials keep saying that there's no subsidy involved, that investors would share in the ... (more) Geithner plan arithmetic
The “Geithner Put”, part 1
self-evident.org — The details of the “Geithner Put” have been released . It has two parts: One to deal... specifically with bad loans, the other to deal with other legacy assets (securitized yadda yadda). In this post I will discuss the first part, dubbed ... (more) The “Geithner Put”, part 1
Will the Geithner Plan Work?
Will the Geithner Plan Work?
roomfordebate.blogs.nytimes.com — Paul Krugman, Simon Johnson, Brad DeLong and Mark Thoma on the government plan to buy up bad... mortgage assets. (more) Will the Geithner Plan Work?
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